NEW YORK CITY-Down to its last two assets, the Manhattan-based REIT sells to Gotham Golf Partners of Hershey, PA, a subsidiary of Wall Street hedge fund Gotham Partners LP. The new company will be called Gotham Golf Corp.

NEW YORK CITY-The HUD funding package was revealed in November and is expected to help 20,000 Downtown businesses get back on their feet following the destruction of the World Trade Center.

TORONTO-A subsidiary of fallen Web-hosting giant Exodus Communications Inc. unloads its massive Brampton, Ontario hosting facility to Toronto-based Q9 Networks Inc.

NEW YORK CITY-The Manhattan-based real estate and travel services firm closes its previously announced acquisition of Greenwich, CT-based time-share developer Equivest in a $100-million cash transaction.

NEW YORK CITY-The developer of a 47-story Midtown tower will include naming rights to the building for the tenant who leases the mostly residential property's three floors of self-contained office space.

NEW YORK CITY-The city-state venture charged with revitalizing post-Sept. 11 Downtown appoints urban planner Alexander Garvin as vice president for planning, design and development.

NORTH WOODMERE, NY-The first project by a joint venture of two Long Island developers is a 129-unit assisted-living complex with a 30-person Alzheimer's facility.

NEW YORK CITY-Prices will fall but not plummet as owners heed analysts' predictions of a V-shaped economic recovery and resist the temptation abandon ship. Value investors, not vultures will dominate this year's hotel transactions.