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ORLANDO-GoCo-op is designing an electronic procurement system that will allow hotels in Latin America and Europe to shop for supplies on the Internet. The system will be used by HotelnetB2B.com which projects near-future sales of $1 billion.
STAMFORD-RiverOak Investment Corp., a recently formed real estate investment fund, has purchased its first property, 200 Central Ave., in Hartsdale, NY, for $4.8 million.
MIAMI-BH Equities Inc. pays Archon Management Services $56,818 per unit. The buyer is assuming a $17 million mortgage on the 440-unit Verandah Apartment Homes complex in Miami-Dade's Country Club section.