SHELTON, CT-Local developer Cambridge Hanover is awaiting final approval from the town of Shelton to begin a $3 million renovation project on the 101,000-sf former Pitney Bowes office and assembly plant here.

STAMFORD, CT-Citigroup Asset Management, which had operations at 7 World Trade Center, has signed new leases totaling approximately 145,000 sf at two buildings here, real estate sources tell globest.com

BOSTON-AvalonBay Communities reports it has begun construction on a 280-unit luxury rental housing project called "Avalon at Flanders Hill" here that is projected to cost more than $38 million to complete.

BOSTON-Lend Lease Real Estate Investments Inc., reports it has sold six multifamily properties in California, Maryland, Massachusetts and Virginia for an undisclosed price.

STAMFORD, CT-The after effects of a prolonged "summer doldrums" as well as the impact of the Sept. 11 terrorist attacks have caused office availability rates to rise in Westchester and Fairfield counties, according to brokerage firm Insignia/ESG.

STAMFORD, CT-The after effects of a prolonged "summer doldrums" as well as the impact of the Sept. 11 terrorist attacks have caused office availability rates to rise in Westchester and Fairfield counties, according to brokerage firm Insignia/ESG.

OSWEGO, N.Y-The Best Buy retail chain reports it will build a $40 million 650,000-sf distribution center in the town of Nichols in upstate Tioga County.

WHITE PLAINS-Cushman & Wakefield reports that it has opened a Westchester office at 120 Bloomingdale Rd. here and has lured Glenn Walsh, formerly of Newmark & Company Real Estate, to head the office.