NORTH HAVEN, CT-Preferred Real Estate Investments acquired an 832,427-sf distribution center here from Stop & Shop for about $45 million. The grocery chain announced earlier this week that it was shutting down its distribution operations at the site by the middle of this year, eliminating about 850 jobs there.

EAST FISHKILL, NY- Preferred Real Estate Investments acquires IBM's Hudson Valley Research Center West campus here for $20 million. The firm plans to invest another $350 million to $400 million in improvements to the property.

ALBANY-Barnes & Noble signs a lease for 33,000 sf of space at Colonie Center here. Recently, the Great Neck-based Feldman signed leases with the Cheesecake Factory, Regal Cinemas and PF Chang's China Bistro totaling another 77,000 sf.

ALBANY-Barnes & Noble signs a lease for 33,000 sf of space at Colonie Center here. Recently, the Great Neck, NY-based Feldman signed leases with the Cheesecake Factory, Regal Cinemas and PF Chang's China Bistro totaling another 77,000 sf.

GREENWICH, CT-Starwood Capital Group will launch an international luxury brand called the Crillon. The European-style hotel will be developed in cities such as Paris, London, Rome, Barcelona, New York City, Los Angeles, Chicago, Las Vegas and Tokyo to name just a few.

GREENWICH, CT-Starwood Capital Group will launch an international luxury brand called the Crillon. The European-style hotel will be developed in cities such as Paris, London, Rome, Barcelona, New York City, Los Angeles, Chicago, Las Vegas and Tokyo to name just a few.

WALLINGFORD, CT–Components manufacturing firm Polylok Inc. spurns offers to relocate to North Carolina and decides to build a new 125,000-sf headquarters/manufacturing facility here.

NEW ROCHELLE, NY-Work begins on the second phase of the Avalon on the Sound rental development here. The 39-story building will feature 588 units and will cost $180 million to complete.