MILFORD, CT-A joint venture of ACG Equities LLC and Gotham Realty Holdings of New York City acquires the Merritt Crossing office building and an adjoining 26 acre-undeveloped parcel here for $22.9 million.

WHITE PLAINS-Starwood Hotels & Resorts Worldwide Inc. will bring on Coca-Cola president and chief operating officer Steven J. Heyer as chief executive officer of the international hotelier effective Oct. 1. He succeeds company founder Barry S. Sternlicht, who will continue with the firm in a reduced role.

BRANFORD, CT-Branford Hill Plaza sells the mixed-use 4 Brushy Plain Rd. to Brushy Plain Plaza LLC for $5.3 million. The property was on the market for just 10 days.

BRIARCLIFF MANOR, NY-Classic Residence by Hyatt signs an agreement to purchase the former campus of King's College here and has plans to develop a $350-million continuing care retirement community at the 59-acre property.

STAMFORD, CT-Ceebraid-Signal Corp. officials say they hope to begin construction on a 16-story luxury condominium building in the Downtown district here by next spring. The "Highgrove" project is expected to cost $50 million to develop and units are being marketed for as high as $2 million.

HARRISON, NY-Insurance brokerage firm Keevily, Spero-Whitelaw Inc. decided to relocate its corporate headquarters. However, the move won't exactly tax the moving vans. The firm is moving just down the block to 14,230 sf of space at W&M Properties' 500 Mamaroneck Ave. property here.

ALBANY, NY-The state has issued grants totaling $8 million to six municipalities in the state to help finance the investigation or cleanup of brownfield sites there. The largest project involves the cleanup of a contaminated site in the Hunts Point section of the Bronx.

RYE BROOK, NY-The RPW Group Inc. of White Plains closed on the purchase of the 625,000-sf Altria Group complex here on Sept. 10, GlobeSt.com has learned. Sources close to the deal say the purchase price for the property was approximately $40 million.