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POUGHKEEPSIE, NY-Spurred by the significant economic turnaround that has taken place in Dutchess County in recent times, Emmes Asset Management plans to reposition an existing 288-unit complex into a luxury rental community.

SACRAMENTO, CA-The 138-room Best Western Harbor Inn and Suites was sold to C.R. Patel for more than $6.5 million. The Placerville Best Western Inn was sold to Kumar Sharma, who plans to spend $250,000 upgrading 10 rooms to executive suites.

EMERYVILLE, CA-The decision paves the way for other redevelopment projects on contaminated sites in urban core areas by validating the use of eminent domain in property acquisition and by allowing the city Superfund-style cleanup authority, according to an attorney representing Emeryville.

MOONACHIE, NJ-Assets totaling almost 135,000 sf move for $58 per sf in a market where supply is down more than a quarter and asking rents are up 14% in the last year.

CHICAGO-Steven Bandolik is the new president and CEO of privately-held commercial real estate firm, replacing Jack Eimer, who becomes president of Transwestern's central region. He will lead a force of 1,350.

LONDON-Having already trimmed some $417 million in assets, company leaders now turn to Europe with axe in hand. The goal is to "create a company focused on the US office market," insiders tell GlobeSt.com.

EMERYVILLE, CA-The decision paves the way for other redevelopment projects on contaminated sites in urban core areas by validating the use of eminent domain in property acquisition and by allowing the city Superfund-style cleanup authority, according to an attorney representing Emeryville.