MIDLOTHIAN, VA-Waterford Apartments, the 26-building luxury apartment complex, commands $22.5 million in the property's sale to Richmond, Virginia's Cornerstone Realty Income Trust, Inc. The 312-unit garden-style complex covers 31 acres and is 95% occupied.

WASHINGTON, DC-Potomac Hospitality Services and Corporate Apartment Specialists Inc. form a partnership to better accommodate the District's large segment of visitors desiring extended-stay accommodations. Under the two-year alliance, the companies will refer clients to each other when, based on the length of the guest's visit, the other company's facilities provide a more suitable accommodation.

DALLAS-In a round of activity that accounts for almost 30,000 sf of office space, Cushman & Wakefield arranges leasing deals in three area buildings -- Plano's Park Center, The Bank of America Plaza and Addison's Millennium Center.

FT.WORTH, TX-After failing to restructure loans, the highly-touted $43-million Westin Beechwood hotel goes into a foreclosure. CoServ Realty Holdings, the property's lender, takes over ownership of the hotel from Beechwood Co.

DALLAS-Ultimate Electronics Inc. leases nine store locations totaling 279,000-sf. The terms of the arrangement have not been released, but the stores are all scheduled to open in August of 2002.

BALTIMORE, MD-Real estate investment trust Prime Retail Inc.'s preferred stockholders elect two new board members, Howard Amster and Robert H. Kanner. Their election is unrelated to last month's resignation of three Board members.

DALLAS-After a successful 200l, Lawrence Gardner moves up to associate director in Cushman & Wakefield's Dallas office after three years with the company. "My goal," Gardner attests, "is to be one of the best brokers at this firm and in this city.

MERRIFIELD, VA-Inova Health System gets closer to finding a buyer for its One Cambridge Court Office Park, as bidding finally comes to an end. The two-building complex offers 219,000 sf of space, and is valued at nearly $40 million.