WHITE PLAINS-Starwood Hotels & Resorts Worldwide, Inc., reports that it has reached an agreement to sell four hotel properties in Italy, part of the firm's upscale CIGA portfolio, for 350 million euros or more than $340 million.

WHITE PLAINS-New York City developer Charles S. Cohen says his firm has appointed Colliers ABR, Inc. as exclusive office leasing agent for 333 Westchester Ave., the 600,000-sf former Kraft General Foods facility in White Plains.

FAIRFIELD, CT-General Electric announces a reorganization of its financial services operations that will result in the splitting of GE Capital into four separate businesses.

WHITE PLAINS-Officials with Starwood Hotels & Resorts Worldwide Inc. say that a continuing challenging economic environment led to a seven percent falloff in revenue for the second quarter of this year.

WESTCHESTER-The New York Stock Exchange is studying the possibility of building a second trading floor outside of Manhattan and one possible location could be somewhere in Westchester County.

GREENWICH, CT-In the largest lease deal in Fairfield County so far in 2002, Andor Capital Management has signed a sublease for 146,353 sf of space at the Greenwich American Centre (One American Lane) for its new corporate headquarters.

NEW ROCHELLE, NY-An affiliate of GHP Office Realty of White Plains reports it has purchased 145 Huguenot St., a 300,000-sf office building in downtown New Rochelle.

NEW ROCHELLE, NY-An affiliate of GHP Office Realty of White Plains reports it has purchased 145 Huguenot St., a 300,000-sf office building in downtown New Rochelle.