Globest Sectors

ASTORIA, NY-The Manhattan-based company closes on the $22.5 million purchase of the former movie theater at 28-56, 28-60 Steinway St. in Queens.

WAYNE, PA-Keystone Property Group's redevelopment of the six-building 515,795-sf office complex it acquired in 2005 is ahead of schedule and 80% leased.

TORONTO-The $500-million luxury hotel and residences breaking ground is among a dozen projects and 5,400 rooms the brand has planned by 2010.

FORT LEE, NJ-A trio of signings follows the completion of a recent makeover of the 200,000-sf One Bridge Plaza.

ATLANTA-The joint venture acquires four Embassy Suites and one Sheraton Suites with plans to spend $30 million on capital improvements.

PONTIAC, MI-One member of the bid review committee tells GlobeSt.com that he thinks meetings to go through the bids will begin this week.

TYSONS CORNER, VA-Launched by former executives from Scheer Partners, Appian will focus on the outer counties in Northern Virginia.

COPPELL, TX-CNC beats a crowded field of competitors to win Townlake at Coppell from CWS Capital, which had set the marketing hook by rehabbing 10 units to show upside.