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NEW YORK CITY-According to insiders, deregulation and a good economy are two reasons that Con Edison decided to sell prime holdings on Manhattan's East Side. The company is departing the field of electric generation.

HOUSTON-Boeing has expanded its 30,600-sf lease in the Armand Plaza, signing for another 16,000 sf. There's little doubt that it will eventually take over the remaining 17,400 sf of the 64,000-sf four-building complex.

HOUSTON-Six buyers have snagged nearly 180 acres of undeveloped land. The largest transaction, totaling 67 acres, occurs between the Houston Christian High School and E.L. Day, trustee.

DAVIDSON, NC-Phil Gandy has invested a half million dollars in property outside of this town, 20 miles north of Charlotte, and fears the moratorium will cost him $30,000 a month on his debt load.

SEATTLE, WA-The First Avenue West Building is fully occupied with numerous small tenants, but 10,000 sf will be coming available in the near future at $30 per sf gross. GDA's other Seattle property is a 70,000-sf office building at 2505 Second Ave.

NORWALK, CT-The Fairfield County Division of the March of Dimes will honor W&M Properties chairman Peter L. Malkin and his son Anthony Malkin, the president of the firm, at the organization's 2000 Real Estate Award breakfast on Dec. 14 at the Westin Stamford Hotel.

UNION CITY, CA-The Union City-based company's product provides constantly updated apartment and housing information via a variety of mobile phones and PDAs. The product is being marketed to a host of Internet sites for rental properties that cater to consumers.

MIAMI-The 30-year-old Downtown complex is vacant except for the Greater Miami Chamber of Commerce offices and the Wyndham Hotel. Owner Argent Ventures of New York plans to market the asset as a telecom hotel with office and retail.