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Trumbull apartment complex sells for $82 million


Trumbull apartment complex sells for $82 million
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The Royce at Trumbull apartment complex in Trumbull, Conn., has sold for $82 million.Contributed photo /CBREShow MoreShow Less
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The Royce apartment complex in Trumbull, Conn., has sold for $82 million.Contributed photo /CBREShow MoreShow Less
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A view of the clubhouse at The Royce apartment complex in Trumbull, Conn. The property has sold for $82 million.Contributed photo /CBREShow MoreShow Less
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A view of the clubhouse at The Royce apartment complex in Trumbull, Conn. The property has sold for $82 million.Contributed photo /CBREShow MoreShow Less
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A view of the clubhouse at The Royce apartment complex in Trumbull, Conn. The property has sold for $82 million.Contributed photo /CBREShow MoreShow Less ....

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JV Signs Full-Building Tenant at Pennsylvania Facility


JV Signs Full-Building Tenant at Pennsylvania Facility
The partnership of Trammell Crow Co. and Diamond Realty Investments broke ground on the development in 2018 and completed the construction last year.
Mar052021
Image courtesy of Trammell Crow
Trammell Crow Co. and Diamond Realty Investments have signed a full-building lease with a major e-commerce company at Valley View Trade Center, a 1,027,660-square-foot industrial property in Jessup, Pa. Last December, the joint venture completed the shell buildings at Innovation Business Center, a 403,600-square-foot industrial project in Newnan, Ga.
Valley View came online last August. The partnership broke ground on the development in 2018, after securing construction financing from Texas Capital Bank. The distribution facility features a 40-foot clear height, 190-foot deep truck courts, ESFR sprinklers and 159 dock positions, which can be expanded to 209. The property also has 277 parking spots for ....

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The last two Lord + Taylor stores in Connecticut are closed. The struggle to fill those spaces is just beginning.


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The last two Lord + Taylor stores in Connecticut are closed. The struggle to fill those spaces is just beginning.
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A store closing sign hangs on the exterior of the Lord + Taylor store at the Westfield Trumbull mall in Trumbull, Conn., on Sept. 1, 2020.Ned Gerard / Hearst Connecticut Media
The Lord + Taylor era has ended in Connecticut. Now comes the challenge of filling hundreds of thousands of square feet vacated by the oldest department-store chain in the country.
Last Saturday marked the final day of business at Lord + Taylor’s stores in Stamford and at the Westfield Trumbull mall, after the closing at the end of December of its stores at Danbury Fair mall and Westfarms mall in Farmington. The Stamford and Farmington locations are being marketed for potential redevelopment for office space, while the future of the Danbury and Trumbull sites appears less clear. ....

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What Does A Headquarters Represent In The Age Of Remote Work?


An aerial view of Apple s headquarters in Cupertino, California
Some companies may eschew a headquarters entirely. Cryptocurrency trading platform Coinbase declared as part of its recent initial public offering filing with the Securities and Exchange Commission that its workforce is entirely remote, and thus it has no headquarters. Coinbase didn t respond to requests for comment.
It is perhaps appropriate that a company operating in such a digitally native space would not find the need to have its employees meet IRL to build culture, as was the case for plenty of tech startups years before the outbreak of the coronavirus pandemic. ....

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