New York

TARRYTOWN, NY-In the largest real estate sale in Westchester County so far this year, Equity Residential Properties Trust has acquired the Talleyrand Crescent rental townhouse community here from an affiliate of Cappelli Enterprises of Valhalla for $61 million.

NEW YORK CITY-A local REIT with a minor interest in a Penn Station-area office tower spends $29 million to bring its stake up to 49.9% and secures an $85 million mortgage on the property at the same time.

The 241-unit Renaissance Plaza project, a public/private venture originally scheduled for delivery in July, will begin quietly letting tenants start moving in over the next few weeks.

MONTICELLO, NY-An agreement reached Friday between Sullivan County, the St. Regis Mohawk Tribe and gaming giant Park Place Entertainment X finally has all parties focused on bringing gaming to the once famed "Borscht Belt.

EAST HARTFORD, CT-Lend Lease Real Estate Investments has sold the four-building portfolio here to Baker Properties. CB Richard Ellis represented Lend Lease and Baker Properties in the transaction.

NEW YORK CITY-The first commercial real estate property to house its own onsite, privately-owned, co-generation facility will go up on the block between 57th and 58th Streets and 11th and 12th Avenues in Manhattan.

STAMFORD, CT-Grubb & Ellis officials say that the slowdown that has taken place in Westchester County in early 2001 is minor and that the fundamentals of the office market remain healthy.

NEW YORK CITY-Buyers are fearful they will overpay if they make full-price offers, some brokers report in a Brown Harris Stevens study. The report says that the residential market peaked about a year ago.