BRIDGEPORT, CT-Gov. M. Jodi Rell reports that the state has committed $8.5 million to help the City of Bridgeport purchase land critical to its proposed $1-billion Steel Point project.

BRIDGEPORT, CT-Gov. M. Jodi Rell reports that the state has committed $8.5 million to help the City of Bridgeport purchase land critical to its proposed $1-billion Steel Point project.

STAMFORD, CT-GE Real Estate and the Miami-based Union Trust Fund Limited Partnership form a joint venture to acquire single tenant net lease properties across the US. The new partners report they have closed their first deal--a $50 million sale-leaseback of Belk Department Stores' corporate headquarters in Charlotte, NC and are nearing another closing on a property in Los Angeles.

STAMFORD, CT-GE Real Estate and the Miami-based Union Trust Fund Limited Partnership form a joint venture to acquire single tenant net lease properties across the US. The new partners report they have closed their first deal--a $50 million sale-leaseback of Belk Department Stores' corporate headquarters in Charlotte, NC and are nearing another closing on a property in Los Angeles.

RYE BROOK, NY-Reckson Associates Realty Corp. inks nearly 50,000 sf in new lease deals at its Reckson Executive Park complex here.

STAMFORD, CT-GE Real Estate makes its first foray in China with a $20-million investment in the newly formed Citic Capital Vanke China Property Development Fund. The fund, along with a China-based real estate developer, plan to invest up to $150 million in residential real estate properties in the country.

GREENWICH, CT-Locally based Urstadt Biddle Properties Inc. acquires a total of three retail properties across the border in Pelham Manor and Flushing, NY for $16.6 million.

GREENWICH, CT-Locally based Urstadt Biddle Properties Inc. acquires a total of three retail properties across the border in Pelham Manor and Flushing, NY for $16.6 million.