NEW ROCHELLE, NY-Cappelli Enterprises has purchased a little more than an acre of land Downtown for $2.5 million that could accommodate as much as 320,000 sf of development. The firm also reached an important agreement with the city on a property it owns nearby.

NEW YORK CITY-The broadband Internet access firm offers bandwidth speeds of 10 gigabits per second, and allows clients to change the speed of their connection in under a minute and pay just for the bandwidth they use.

CHICAGO-A bevy of real estate luminaries attended last night's launch party for Real Estate Chicago Magazine. The magazine, which will soon publish its second issue, is part of a group of local real estate publications that Real Estate Media is rolling out nationally.

MCLEAN, VA-The REIT continues its buy-spree, paying $39.6 million since the end of June for nine properties and improvements. It expects to buy another $100 million worth of properties in 2001.