NEW YORK CITY-The Grand Hyatt hotel located at 42nd Street is undergoing a renovation.

ORLANDO-Jones Lang LaSalle has negotiated the sale of an apartment community in Orlando on behalf of a life insurance company.

NEW YORK CITY-Ralph Appelbaum Associates has renewed its lease at 88 Pine St. for another 12 years and 7 months.

NEW YORK CITY-Paris-based Louzon Group has recently bought the former Salvation Army building at 347-349 Bowery situated on the corner of E. 4th Street for $7.6 million.

BOSTON-According to the Sentinel & Enterprise report, Ayer-based David E. Ross Associates Inc. is planning to add a retail space measuring 7,566 square feet and an office building measuring 6,760 square feet in Ayer.

NEW YORK CITY-The price of the duplex penthouse at One Jackson Square has been slashed by $2.8 million in a desperate bid to sell the property after more than two years on the market.

CHICAGO-A venture organized by the Trivedi family has purchased Homewood Suites, a 108-room hotel at 815 E. American Lane in northwest suburban Schaumburg, for $5 million.

NEW YORK CITY-The Parkoff Organization has acquired two adjacent properties for $22 million from the family, which held the buildings for 60 years.