WASHINGTON, DC-After acquiring the leases from affiliates of Prime Hospitality Corp., the hospitality REIT signed long-term management contracts with its sister company, MeriStar Hotels & Resorts.

ATLANTA-Midtown is a ripe submarket even with ongoing new construction and an expected appreciation this year of 3%, the brokerage's report states.

CLERMONT, FL-The 410-acre property has 90 acres of developable land and 320 acres under water but the site, 28 miles west of Downtown Orlando, would be perfect for the area's first large recreation park, county commissioners say. Developers want the dirt for home-building.

ST. PAUL, MN-A proposed property tax overhaul also would simplify and reduce the state's complex commercial-industrial property tax system. The plan also would restructure the corporate income tax.