MIAMI-Lightstone Value Plus Real Estate Investment Trust has acquired two hotels in South Florida from Greenbelt, MD-based Baywood Hotels for a total of $31 million.

CHICAGO-The owner of the site where the city wants to build a new 1,200-room Marriott Marquis convention hotel has filed suit to block the project.

PHILADELPHIA-Arlington Group Real Estate LLC has joined CORFAC International, which now gives the commercial real estate advisory firm a presence in the Philadelphia and South Jersey markets.

SEASIDE HEIGHTS, NJ-Federal officials on Monday said that the state of New Jersey can use federal funds earmarked for Superstorm Sandy recovery to pay for the repair from damage caused by last week's devastating fire.

PHILADELPHIA- Wolters Kluwer Health reports it will be adding 119 employees to its Center City operations.

NEW YORK CITY-The process to landmark as many as five buildings in the midtown east begins today.

NEW YORK CITY- Deutsche Asset & Wealth Management has provided RFR Realty with a $20-million construction loan that will pay for a major upgrade at its 90 Fifth Ave. office building.

NEW YORK CITY-After recently selling its headquarters building at 550 Madison Ave., Sony is relocating operations to 11 Madison Ave.