Valuation: Less than $10 million

Baywood Hotels has paid roughly $5 million for a 158-room Holiday Inn in Frederick, Md. The Greenbelt, Md., firm purchased the property from Lodgian Inc., of Atlanta, which had owned the property since 1986. The hotel sits at 999 W. ...

Memphis Daily News An entity owned by Reliance Capital Partners has paid $2.8 million for Surrey Apartments, a 108-unit complex in Memphis, Tenn. The California firm bought the property, at 3789 Andreas Drive in the Raleigh neighborhood, from a Washington, ...

Michigan Business Review The Handleman Co. is selling its 147,000-square-foot headquarters building in Troy, Mich., for $8 million. The music-distribution company has tapped Friedman Real Estate Group, a Troy brokerage firm, to market the property, at 500 Kirts Blvd. Handleman ...

Milwaukee Journal-Sentinel An investor group organized by Westminster Funds has paid $5.8 million for 4700 Ironwood Drive, a 123,300-square-foot industrial building in Franklin, Wis. The Lake Forest, Ill., investor group purchased the building from Centerpoint Properties Trust Inc. General Thermodynamics ...

Minneapolis Star-Tribune Grubb & Ellis plans to spend $4 million to renovate the Northstar Center, an 814,000-square-foot mixed-use complex in downtown Minneapolis. Planned renovations include upgrades to the parking ramp, restoring the property's façade and cleaning the building's exterior. Grubb ...

El Paso Times The 105-room Artisan Hotel Downtown is planning to open in El Paso, Texas, as its owner offers it for sale. Douglas Da Silva, a Las Vegas hotel operator, is listing the property, at 325 N. Kansas, through ...

Sacramento Business Journal The Sacramento Housing and Redevelopment Agency has agreed to pay $9.1 million for 801 12th St., a 50,949-square-foot office building in the city's downtown. The agency is purchasing the six-story building from the California Rural Home Mortgage ...

Denver Business Journal Charlie Woolley and Evan Makovsky have paid $6 million for 1800 Glenarm, a 60,000-square-foot office building in downtown Denver. The Denver developers plan to spend $15 million converting the building into office condominiums. Fleisher Smyth Brokaw LLC, ...

Charlotte Business Journal SRS Investments has paid $7 million for 36,114 square feet of office space in Charlotte, N.C. The office space is part of The Arlington in South End mixed-use property at 325 Arlington Ave. The Sarasota, Fla., firm ...

Hartford Business Journal WinStanley Enterprises has acquired 15 acres in West Hartford, Conn, where it plans to develop a shopping center. It acquired the site, the former home of the Industrial Safety Supply Building along Route 173, for $3 million ...