DELRAY BEACH, FL-The developer bought the 4.6-acre site from the city's Community Redevelopment Agency for $1.3 million or $282,605 per acre ($6.49 per sf). The residential side's 59 units are priced from $130,000.

DENVER-Two local investors are on the right track to take over a 31-story, 460,000-sf tower that's been standing empty for three years. DHG Finance has kicked in $13.6 million to buy out Starwood Hotels & Resorts' interest.

PISCATAWAY, NJ-American Standard Cos. Inc. has announced today (Dec. 28) that it will close one manufacturing plant and lay off 1,200 people in an effort to implement an operational consolidation and streamlining plan.

LOS ANGELES-Owners and developers of retail property in LA County and other parts of Southern California may be in for some tough sledding in 2001, as the growth in taxable sales slows and tenants find it harder to make ends meet.