Equity One Acquires 22-Acre Property on Long Island, New York

Equity One, Inc., an owner, developer, and operator of shopping centers, announced today it has closed on the purchase of a 22-acre property on Long Island, New York. The site, the former world headquarters for Avis Rent A Car, is adjacent to Equity One’s Westbury Plaza, a 400,000 square foot shopping center located in one of the most productive retail regions in the country. Equity One acquired Westbury Plaza, which is anchored by Wal-Mart and... 

On the Cusp of Black Friday, Colliers International Issues Semi-Annual Retail Report, Showing Marked Weakness in Retail Real Estate as 2009 Approaches

The U.S. retail market has undergone a sea change not experienced in this country since the early 1980s, according to the bi-annual Retail Real Estate Report issued today by Colliers International, a leading global real estate services firm. Due to recessionary conditions, retail real estate will be significantly afflicted for the remainder of this year and well into 2009, according to Colliers. Several reasons drive this monumental slowdown in retail... 

Papa Bello Sells Area Development Rights for Shanghai, China

Papa Bello Enterprises (Pink Sheets: PAPA) is pleased to announce the sale of area development rights for the city of Shanghai in the Peoples Republic of China to partners Mr. Zhiqing Ma and Mrs. Hsiao (Cathy) Endy. Under the terms of the agreement, a minimum growth of 60 units is contracted for the region. Construction on the first restaurant is underway, with an opening date scheduled before the end of 2008. The upscale, 8,000 square foot store... 

$12.5 Million Letter of Credit From Wal-Mart Foundation to Expedite Construction of Martin Luther King, Jr. National Memorial

The leadership of the Washington, DC Martin Luther King, Jr. National Memorial Project Foundation, Inc. announced today that Wal-Mart Stores, Inc., through the Wal-Mart Foundation has provided a $12.5 million letter of credit which will expedite the beginning of physical construction of the memorial. The Wal-Mart Foundation’s latest effort is in addition to the $1 million donation it made in 2005. The generous support provided by Wal-Mart allows... 

The Fresh Market Opens in the Villages

The Villages, the largest single-site mixed-use real estate development in the U.S., is pleased to announce The Fresh Market® has opened in Florida’s friendliest hometown. The Villages’ location marks the specialty grocer’s twenty-second store in Florida and joins the retail line up at the 1.2 million square foot Buffalo Ridge shopping center including: Super Wal-Mart, Beall’s, Golden Corral, McDonald’s, Bonefish Grill and many more. Source:... 

ProLogis Announces First Photovoltaic Project in Japan

ProLogis the world’s largest owner, manager and developer of distribution facilities, announced today that it will install its first photovoltaic (PV) system in Japan. ProLogis will install a one-megawatt (MW) PV system at ProLogis Parc Zama I, a five-story distribution facility totaling more than 1.2 million square feet (113,000 square meters). The park is located in the city of Zama, a logistics hub in Japan’s Kanagawa Prefecture. The... 

KB Home and Martha Stewart Introduce New Active Adult Community in La Quinta, California

Martha Stewart Living Omnimedia and KB Home announced their newest project — an active adult community in La Quinta, California. These new KB homes created with Martha Stewart will represent KB Home’s first community built exclusively for adults 55 and over. “I’m very excited about our newest Martha Stewart community with KB Home created especially for mature adults who lead active lives,” said Martha Stewart. “As in all of our communities,...