BERLIN-Benson Elliot Capital Management has exchanged agreements with Speymill Deutsche Immobilien Company PLC subsidiaries to purchase the TOR residential portfolio for Benson Elliot Real Estate Partners III.

ATLANTA-Bethesda, Maryland-based DiamondRock Hospitality Co. has sold three hotels, including the 521-room Renaissance Waverly in Northwest Atlanta, to a subsidiary of Inland America.

DURHAM, NC-Crescent Resources is working on a 303-unit apartment project on Hillsborough Road in Durham.

SAN RAMON, CA-Five9 has moved its headquarters and nearly 160 employees from Pleasanton to Bishop Ranch in San Ramon.

LONDON-The Bracknell Regeneration Partnership, a joint venture between Legal & General Property and Schroders, has selected Bostock and Pollitt and Gardiner & Theobald to collaborate with BRP to develop the next phase of major regeneration on Bracknell town center.

ALLENTOWN, PA-Cedar Crest Professional Park VII LP has obtained $45 million in refinancing for Cedar Crest Professional Park, a seven-building property in Salisbury Township.

MORRISVILLE, NC-St. Paul, Minnesota-based Gander Mountain will open a new store in the Triangle region.

FORT WORTH-Developers of Renaissance Square, a new shopping center situated along U.S. 287 in Fort Worth, have secured two retail tenants to occupy space in the center.