SCARSDALE-Wilmar Industries sold the 17,728-sf property on Central Park Avenue to Seville Realty.

CHARLOTTE- Overall vacancies at the end of the fourth quarter were nearly 8%, but the numbers change when factoring in space available for sublease and in buildings still under construction, reports CB Richard Ellis Inc.

AUSTIN-Scott Freid of The Weitzman Group has gone south, to Austin, that is. He has been tapped to head up the firm's Austin office. For six years, Freid has been in Dallas, directing projects for Cencor and research for Weitzman.

BEVERLY HILLS, CA-The lodging giant's fourth-quarter earnings match analysts' estimates, but company says it will open fewer hotels than it originally anticipated this year because capital markets are tight. Wall Street sends the stock down nearly 6%.