PHILADELPHIA-Locally-based Hersha Hospitality Trust reports it has sold its interest in the 92-room Courtyard by Marriott in Warwick, RI for $7.15 million.

GREENWICH, CT-The hotelier intends to open three hotels in New York, one in South Florida and one in Morocco.

SAO PAULO, BRAZIL-Brookfield Asset Management's Brazilian subsidiary, two of its top executives and a former employee are facing civil bribery charges filed by prosecutors here.

CHARLOTTE, NC-A joint venture of Trinity Capital Advisors ad PCCP, LLC have acquired two Class-A industrial buildings here totaling 211,000 sf.

WINSTON-SALEM, NC-California-based Cornerstone Core Properties REIT has paid $9.7 million to acquire the Danby House assisted living and memory care facility here.

CHICAGO-A recent arbitrator's ruling could be the catalyst to ending a dispute that has prevented retail and condominium owners from taking occupancy of the Ritz-Carlton Residences on North Michigan Avenue here.

BALTIMORE, MD-Baltimore County Judge John E, Beverungen has approved developer Steven Whalen's proposed medical office development in Catonsville, despite the developer's guilty plea last month to making illegal campaign contributions.

PHILADELPHIA-A report by SSH Real Estate says that a continuing trend in the local real estate market is the conversion of old office space in the city to rental apartments.