Globest Sectors

NEW YORK CITY-The Angel Group sells the residential development site with buildable square footage up to 71,832 sf to Michael Kornblum of Manhattan.

COOLBAUGH TWP., PA-The Arcadia North parcel, which sold for $163,666 an acre, can accommodate a warehouse/distribution center of up to 1.4 million sf.

GERMANTOWN, TN-The vote sets up an Oct. 22 closing date for the transaction between the locally based hotel REIT and an affiliate of Whitehall.

MIAMI-The condo hotel project includes restoration of the 44-room Sovereign Hotel and construction of a 15-story, 67-unit condominium tower.

SEBASTIAN, FL-The 97%-occupied Shops at Sebastian, constructed in 2006, sells for $10.2 million.

LAS VEGAS-The casino operator makes several personnel shifts in early preparation for the November 2009 opening of the company's $7.4-billion mixed-use development on the Strip.

SALISBURY, MD-One of the new contracts is for an aloft hotel under construction outside of the District.

It is more important than ever that property managers improve operational efficiency to enhance margins, cash flow and overall business performance.