NEW ORLEANS, LA-CNL Hospitality Corp. of Orlando pays $44.8 million in cash and assumes $46.7 million in debt for the former Le Meridien hotel. The property has been re-branded as a J.W. Marriott, Marriott International's luxury brand, and $10 million in upgrades are planned.

NEW YORK CITY-Some 28,000 apartment workers-- including doormen, janitors and elevator operators--will be on the job today as union officials and the RAB come to terms after weeks of contract negotiations.

LAKE OSWEGO, OR-The Providence, RI-based commercial finance company negotiates with Equity Office Properties to cut itself loose from 11,000 sf of unwanted office space and extend its commitment for the remaining 27,275 sf back up to seven years.

MIAMI BEACH-The two-story building that formerly housed St. Francis Hospital nurses is being demolished to make room for the $27 million, 25-story, glass-enclosed, inverted elliptical tower called 6000 Indian Creek. Construction is set to begin this summer.