NEW YORK CITY-Starwood plans to unveil a name for Project XYZ before this fall. The new hotel brand is expected to be out of the ground within three years.

PHILADELPHIA-In a series of appointments, Malvern-based Liberty Property Trust promotes Michael Hagan to chief investment officer and Shelby Christensen to SVP. Meanwhile, CB Richard Ellis hires Valerie Bowman, formerly with Binswanger, to spearhead tri-state business development.

MELBOURNE, FL-Weingarten Realty Investors pays KPT Communities LLC, an affiliate of Kimco Realty Corp., $12.65 million for the 18-year-old, 118,828-sf, 95%-leased Lake Washington Crossing.

TAMPA, FL-Naples Realty Group pays $94,872 per unit for the 390-unit, 96%-leased property in suburban Brandon. Sellers Gannon International of St. Louis and MMA of Naples are the original owners.