WHITE PLAINS-An affiliate of Cappelli Enterprises of Valhalla has closed on the $13.9 million sale of a parcel in downtown White Plains where it plans to build a $300-million mixed-use development that will include a Westin hotel, luxury condominiums and an office tower.

PHILADELPHIA-Standard & Poor's gives the Philadelphia Housing Authority its highest rating, "strong." While praising PHA's management and vision, S&P also sites distressed areas of the city and "overwhelming tasks" ahead. PHA operates 15,749 family and elderly units in 44 developments.

NEW YORK CITY-Per the recent shuffle, Peter J. Davoren, former senior VP at Turner, was appointed president of locally based Turner Construction Company. He succeeds Robert E. Fee, who will retain his role of CEO.

SCOTTSDALE, AZ-The five-year tenant extends a lease and adds 2,109 sf to its bottom line for the Gainey Ranch Financial Center, a three-story building in one of Scottsdale's premier office parks.