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Retail center sales market booming also.

Publication: Westchester County Business Journal
Publication Date: 26-SEP-05 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Brothers Mitchell and Gregg Rechler made $57 million when they sold their Fortunoff-anchored Source at White Plains retail center to an entity of Swiss-owned UBS earlier this month.

The Source at White Plains fetched a price of" $153 million--not bad for a 260,000-square-foot center completed two years ago for $96 million.

"We're generally not sellers, but we're seeing what the prices of...

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