MCLEAN, VA-Construction is underway on Downtown One Loudoun in Loudoun County, Virginia.

SAN JOSE, CA-Palo Alto-based Essex Property Trust Inc. has started the second phase of its multifamily project in North San Jose.

ATLANTA-Highwoods Properties Inc. has announced the sale of three office buildings totaling 553,000 square feet for a price of $86.5 million.

DUISBURG, GERMANY-Valad Europe, a multi-let real estate investment manager, has reported that Greiwing has leased a 143,160-square-foot warehouse space and a 4,305-square-foot office space at Hochstrasse 150-152 in Duisburg, Germany.

LEIPZIG, GERMANY-Salans, an international law firm, has arranged approximately EUR 190 million in refinancing for the Nova Eventis Shopping Center in Leipzig.

CINCINNATI-Marshalls, a department store chain owned by TJX Cos. Inc., will ink a 27,000-square-foot lease in the former Dillard's store space at Northgate Mall.

MIAMI-Principal Real Estate Investors has sold the Aventura Industrial Center, a two-building property situated at 320 N.E. 187th Street in Miami, for $18.7 million.

SANTA FE, NM-A subsidiary of General Electric Capital Corp., the lender, has purchased Sanbusco Market Center at auction this week.