GREENWICH, CT-Starwood Capital Group agrees to pay approximately 1.2 billion euros for controlling interest in Europe's second largest hotel company. The firm also gains controlling interest in the French holding company Groupe Taittinger, owner of the world's sixth largest champagne producer.

GREENWICH, CT-Starwood Capital Group agrees to pay approximately 1.2 billion euros for controlling interest in Europe's second largest hotel company. The firm also gains controlling interest in the French holding company Groupe Taittinger, owner of the world's sixth largest champagne producer.

YONKERS, NY-A $185 million renovation program geared to breathing new life into the Yonkers Raceway begins. The 12-month project will also create the largest video lottery terminal venue in the state with a total of 5,500 gaming machines.

NEW CITY, NY-Rockland County and the Town of Clarkstown agree to pay $6.5 million to acquire and preserve the 23-acre Cropsey Farm here. The acquisition is part of the county's $30-million open space program.

WHITE PLAINS-AEW Capital Management hires Cushman & Wakefield as the sales agent for EastRidge Properties nearly 1.6-million-sf portfolio along the I-287 corridor here, GlobeSt.com has learned.

ALBANY-Casino advocates press state lawmakers to convene a special session to address the issue. The New York State Legislature broke session on June 24 after failing to come to an agreement on casino legislation.

ALBANY-Casino advocates press state lawmakers to convene a special session to address the issue. The New York State Legislature broke session on June 24 after failing to come to an agreement on casino legislation.

WHITE PLAINS-Despite the lack of any blockbuster relocation deals, the Westchester County office market holds its own, area brokerage firms like Newmark, Cushman & Wakefield and CB Richard Ellis maintain.