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GLOUCESTER-Crest Nicholson Properties has sold two buildings at its 62 acre Waterwells Business Park to Britannic Assurance.

TARRYTOWN, NY-Officials with Dolce Tarrytown House and invited guests, including Westchester County Executive Andrew Spano, were on hand to celebrate the completion of a $15 million expansion and renovation project at the hotel/conference facility here.

SALEM, OR-The trophy of the Downtown bunch is a two-story structure on the northwest corner of Court and Liberty, the Hollywood and Vine of Salem. It sold to a longtime tenant for $557,000 thanks to a bidding war.

NEW YORK CITY-Midtown South suffered the most, with an influx of more than 830,000 sf. The vacancy rate there hit 8.3% while Downtown and Midtown rose to 5.6% and 6.3%, respectively. Overall asking rents slipped $1.36 per sf.

TROY, MI-New Home Depot stores here and in Orion Township will provide a retail niche for do-it-yourself builders with 120,000-sf outlets. Both donated money to local youth groups upon opening their doors.

NEW YORK CITY-The Federal Reserve, as expected, cut interest rates by another quarter of a percentage point. Cushman & Wakefield's Tim Welch tells GlobeSt.com it will likely not have a significant impact on real estate investing.

THE WOODLANDS, TX-A Dallas-based developer will break ground in July on a $10-million, 122-room Hilton Garden Inn. The hotel will be positioned in Vision Park, a 100-acre, mixed-use undertaking.

THE WOODLANDS, TX-The 210,000-sfWood Ridge Plaza has signed an Oriental rug gallery tenant to its tenant lineup. The owners have several other locations in Houston, but has opened this one in their home community.