NANUET, NY-The Paramount Hotel Group reports that it has signed an agreement to manage the Hilton Garden Inn, which is currently under construction here.

WHITE PLAINS, NY-New Jersey-based Ivy Equities has purchased the 275 Main St. building and adjoining garage here and plans to spent at least $10 million to upgrade the property once Sears vacates its store for the White Plains Galleria mall this fall.

GREENWICH, CT-Local developer and commercial property owner John Fareri is under contract to acquire a vacant 1.6-acre parcel of land that was to be a BMW automobile showroom and service center for $5.2 million.

GREENBURGH, NY-ACS State and Local Services Inc. is expanding its presence at the Landmark at Eastview property here and has signed a lease for 64,679 sf for its regional office and data center operations.

STAMFORD, CT-GE Commercial Finance and Health Care Property Investors Inc. formed a joint venture that they say has its sights set on spending $600 million to acquire medical office buildings throughout the United States.

ROCKY HILL, CT-Nationwide Insurance signed a five-year lease for 46,000 sf at 500 Enterprise Dr. The new offices will include a significant amount of space at the building's "fourth wing expansion" that is currently under construction.

YONKERS, NY-The Schott Corp. has hired Cushman & Wakefield of Connecticut Inc. to sell its 71,065-sf corporate headquarters here at 3 Odell Plaza and find it new office space elsewhere in Westchester County.

RYE, NY-A New York State appeals court has reversed a lower court ruling that could have cost the City of Rye, a former mayor and members of the City Council more than $10 million in damages in a case involving retailer Home Depot.