ORLANDO-Locally based CNL Hospitality Corp. pays Marriott International Inc. $130 million or $992 per room for the 22-year-old, 1,310-room Waikiki Beach Marriott Resort, directly across from the world-famous Waikiki Beach in Honolulu.

ORLANDO-Rising vacancies and softening rents still aren't convincing building owners to lower sales tags on their assets, a selected group of lenders, brokers and appraisers tell GlobeSt.com. The result: fewer deals are being done and even fewer are in the works.

ATLANTA-After a year of scouting potential development locations, locally based United Parcel Service is paying the federally designated Atlanta Empowerment Zone $120,000 per acre or $2.75 per sf for a 30-acre tract near Downtown where a new package distribution center is expected to break ground in early 2002.

CARLSBAD, CA-Davis Partners has snatched up 62 acres in a region where land is far from easy to come by these days. Up to 700,000 sf of office and research and development could come out of the ground at Palomar Concourse.