STAMFORD, CT-Starwood Hotels & Resorts Worldwide reports its first quarter earnings soared 66% due in part to strong growth in North America and a tax benefit.

NEW YORK CITY-An entity of Harrison Street Real Estate Fund of Chicago has purchased a student housing condominium at 490 Fulton St. in Brooklyn for $62.7 million.

Highwoods Properties of Raleigh, NC states in its first quarter financial filing on Tuesday that it has sold 862,000 square feet of industrial properties, as well as 15 acres of industrial zoned land, in the Atlanta metro region for a total of $43.3 million.

CHARLOTTE, NC-An affiliate of Exter Property Group has acquired the 8740 Research Drive office building in Universal City from an affiliate of Highwoods Properties for $6 million.

MEDLEY, FL-Terreno Realty Corp. reports it has purchased a 53,000-square-foot industrial building here for $6 million.

ST. PETERSBURG, FL-Rollin Oats is planning to double its current store on Dr. Martin Luther King Boulevard here.

MILWAUKEE-The Common Council unanimously approved on Tuesday a more than $73 million incentive package for the construction of a new, $400-million, 33-story office tower for Northwestern Mutual.

SILVER SPRING, MD-Petrie Ross Ventures LLC expects to submit plans in the next month or so for the redevelopment of its City Place Mall here.