ATLANTA-With $135 million on hand, the Irving, TX-based REIT pays Lowe Enterprises of Los Angeles $69,712 per unit for the 18-year-old, 208-suit property six miles from Downtown Charlotte. FelCor plans to invest another $3.6 million to convert the hotel to its original Doubletree brand.

WASHINGTON, DC-A survey from the Mortgage Bankers Association of America concludes that approximately $8.2 billion in commercial property developments have been canceled, delayed or have fallen by the wayside due to the sky-high costs--or outright absence--of terrorism insurance.

HOUSTON-NewQuest Properties has added 4.5 acres to an existing 4.5-acre site. The acquisition will facilitate the development of a 24-Hour Fitness sports center, inline retail space and a pad site.

DENVER-Homebuilders remain land buyers as they search for sites to build affordable housing, but the commercial market is overbuilt after the technology bust, according to Fuller and Co.