WHITE PLAINS, NY-A subsidiary of Korman Communities Inc. of Plymouth Meeting, Pa., has acquired the 124-unit luxury rental Lexington Place Apartments complex (formerly Plaza 25) here in a deal sources say is valued at approximately $19 million.

GREENWICH, CT-RBS Greenwich Capital reports it has issued approximately $1.22 billion in commercial mortgage pass-through securities that consisted of 72 mortgage loans, secured by 86 mortgage real estate properties in 27 states.

WHITE PLAINS, NY-Argent Mortgage is in negotiations with the ownership of 333 Westchester Ave. to significantly expand its recent lease of 118,000 sf at the former Kraft General Foods property, GlobeSt.com has learned.

WHITE PLAINS, NY-One Beacon Insurance has moved across town, relocating into 16,880-sf of sublease space at EastRidge Properties' 925 Westchester Ave. property here, reports Cushman & Wakefield, which was a broker in the deal.

BRIARCLIFF MANOR, NY-USI Holdings Corp. will be relocating its corporate headquarters operations from San Francisco to the Briarcliff Corporate Campus at 555 Pleasantville Road here.

BRIDGEPORT, CT-AIMCO Properties has sold the 137-unit Tower II HUD rental apartment complex here for $6.5 million to a group of local investors, according to Marcus & Millichap Real Estate Investment Brokerage Co., which brokered the deal.

STAMFORD, CT-Cushman & Wakefield reports that Westchester County's office market showed slow, but showed steady improvement in the second quarter, while most areas of Fairfield County continued to feel the impact of the slow economic recovery.

WHITE PLAINS, NY-Starwood Hotels & Resorts Worldwide Inc., as part of its continuing effort to sell some of its non-core hotels to pay off debt, has sold 12 domestic hotels for about $300 million.