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SARDINIA, ITALY-Starwood Hotels & Resorts Worldwide Inc. agrees to sell Colony Capital LLC four hotels and a 51% interest in 6,000 acres of undeveloped land on the northeastern coast of the Italian island of Sardinia.
HOUSTON-The long-awaited Main Street Square breaks ground this week with a carefully timed construction schedule so it can deliver one month before the light-rail system goes on line. The three-block plaza will feature two boarding stations.
ORLANDO-The national distributor of construction materials posted $2.45 per share compared with 2001 net income of $1.88 per share. The strong performance comes as David H. Hughes plans to give up his CEO post to president Tom Morgan in May.
NEW YORK CITY-First a church, then a nightclub, now maybe a church again--at least that's how the property is being marketing by Massey Knakal Realty Services. The 30,000-sf building on West 20th St. is on the selling block with an asking price of $18.5 million.
PHOENIX-Eastbourne Investments of Williamsville, NY, buys 8 1/2 acres or the northeast corner of 67th Avenue and Lower Buckeye Road. The land speculator's team heads out the door to woo retail developers as soon as the ink dries.
ATLANTA-Snapfinger Woods Village Inc. paid Southeast Office Properties $96.21 per sf for Westlake Business Center, a two-building, three-year-old property at 400 and 420 Technology Parkway, five miles north of Downtown Atlanta.
MIAMI-DIM VASTGOED NV, a Dutch limited liability company, paid Pebb Enterprises Sunrise Town Center LP about $109.03 per sf for the shopping center, located in a growing area of Broward County, FL.
OAK LAWN, IL-The retail center at 9600-52 S. Pulaski Ave. sells for $134 per sf after DK Realty Partners, LLC fields four competing offers to the 100%-leased property.
GARDEN CITY, NY-Federated is stepping up its presence in the locally based mall in a major way with a new 65,000-sf Bloomingdale's Furniture Store. Meanwhile, Gaylan's Sports signs for 100,000 feet.