BOCA RATON, FL-Archstone New Development Holdings is preparing to construct 26 townhomes and 389 apartments in Boca Raton after purchasing a property from Fifth Third Bank.

KAPOLEI, HI-A subsidiary of Pleasanton, California-based Safeway Inc. is planning to construct a $50-million retail center near the printing plant of Honolulu Star-Advertiser and the Kapolei Commons shopping center.

HOUSTON-American Spectrum Realty Inc. has divested three buildings totaling approximately 243,000 square feet industrial and office space in Houston for $5 million.

NASHVILLE-An apartment portfolio totaling nearly 1,600 units in the Nashville area has reached sales block.

FOSTER CITY, CA-The Mercury News reported that the City Council of Foster City has affirmed the sale of a 15-acre property for $30 million to a team of developers.

NEW YORK CITY-Stuart Weitzman, a footwear firm, has leased a 37,500-square-foot space on the third floor of a building located at 625 Madison Avenue.

NASHVILLE-Ben Freeland, proprietor of Freeland Chevrolet, has paid $2.25 million for an office building in Antioch.

NEW YORK CITY-Victorinox is taking a former firehouse on Wooster Street that recently housed the Peter Blum Gallery.