GREENWICH, CT-In one of the highest price-per-sf office building sales in Fairfield County history, an investment-banking firm has acquired Two Soundview Dr., a 37,864-sf office building here, for $17.25 million.

WHITE PLAINS-Area commercial brokers expect the Westchester County office market to continue its slow but steady recovery in 2003, while Fairfield County will continue to experience some trouble owing in part to an overburdened road system.

WHITE PLAINS, NY-Two weeks after the famed Galleria Mall changed hands, Urstadt Biddle Properties Inc. of Greenwich, CT, reports it has acquired the Westchester Pavilion, a 185,000-sf power center at the corner of Post Road and South Broadway here, for $39.9 million.

POUGHKEEPSIE, NY-Hudson Heritage LLC and CPC Resources have formed a joint venture to acquire 150 acres of the former Hudson River Psychiatric Center here. The firm is entertaining a host of development scenarios for the property including: residential, hospitality and retail/commercial uses.

DANBURY, CT-The owner of the former Union Carbide headquarters complex here has retained Grubb & Ellis as exclusive agent for the sale of the 1.2 million sf property.

FAIRFIELD, NJ-GHP Office Realty reports it has acquired 30 Two Bridges Rd., a 97,000-sf office building here, from United Properties Group, a division of the United Water Co.

HAWTHORNE, NY-Acorda Therapeutics, a growing biotech firm that is in the midst of the FDA approval process for a new spinal cord therapy drug, hopes to increase its presence at 15 Skyline Dr. here by 20,000 sf.

HARTFORD, CT-The New York State Teacherss Retirement Fund will invest $45 million in a $220-million multifamily development joint venture fund, according to TimesSquare Real Estate Investors of Hartford, CT.