Regional Digests

The Arizona Republic A venture between American Realty Advisors and an affiliate of Alliance Commercial Partners has paid $70.3 million for the Great American Tower, a 338,411-square-foot building in Phoenix. US Office Holdings Ltd. of Atlanta sold the 24-story building....

Wall Street Journal The Wayans brothers are moving forward with plans to build a film studio and commercial and retail development at a former army base in Oakland, Calif. The Oakland City Council voted into an exclusive negotiating agreement with...

Chicago Tribune Offers for Equity Office Properties Trust's former Chicago-area properties are due Thursday, less than two weeks after bidding opened on the 22-building portfolio. Blackstone, which assumed control of the properties through its acquisition of EOP, marketed the properties...

Sacramento Bee CIM Group, a Los Angeles development, is seeking to build two 53-story residential high-rises at Third Street and Capitol Mall in downtown Sacramento, Calif. CIM's plan revives a similar plan that was proposed by Sacramento developer John Saca,...

Orlando Business JournalFeltrim Developments U.S. Inc. of Davenport, Fla., says it will build a 400,000-square-foot industrial park in the Orlando, Fla., suburb of Haines City, Fla. The $33 million project off County Road 544 will consist of industrial, office and...

Washington PostA convention center and hotel slated to open next year in greater Washington, D.C., is already disrupting the district's overall hotel market. The 2,000-room Gaylord National Resort and Convention Center, being developed and built by Gaylord Hotels of Nashville,...

Cincinnati Enquirer Western & Southern Financial Group Inc. has proposed constructing a 720,000-square-foot office building in downtown Cincinnati. The Cincinnati development firm is trying to pre-lease the building before construction starts. Initially, the tower was to have 37 floors, but...

Tampa Bay Business JournalConstruction is scheduled for July on South Shore Corporate Park, a 400-acre property in suburban Tampa Bay. The property near Interstate 75 and state Road 674 in Hillsborough County, Fla., is scheduled to be completed in 2015....

Federal Realty Investment Trust has acquired Shoppers' World, a 166,200-square-foot retail center in Charlottesville, Va. The Rockville, Md., retail REIT plans to re-develop and re-tenant the facility along Route 29, which is anchored by Whole Foods, Advance Auto and Staples...

A pair of retail buildings in Coral Gables, Fla., have been sold for a combined $6.65 million. One property, at 320 Miracle Mile with 7,750 square feet, was sold to CRE Properties, while another at 321 Miracle Mile, with 9,200...