MIAMI BEACH-The old Ritz Plaza Hotel situated in Miami Beach will be converted into SLS Hotel South Beach.

INDIANAPOLIS-An institutional investor has seized a 433,972-square-foot office portfolio in Intech Park in Indianapolis' Northwest market for $85 million.

HOUSTON-Thomas Properties Group Inc., together with subsidiary TPG/CalSTRS LLC, has disposed of 2500 CityWest, a 25-story, 578,300-square-foot office building in Houston.

SEATTLE-Holland Partners, an apartment developer, has proposed an apartment project in South Lake Union.

RALEIGH, NC-Prudential Financial Inc.'s real estate investment subsidiary has acquired Oberlin Court, a complex comprising 370 apartment units and 30,000 square feet of retail space at 1009 Wade Ave. near Cameron Village, for $72.25 million.

DALLAS-Lincoln Property Co. and Champion Partners Ltd. have purchased Energy Square, a 953,622-square-foot property near University Drive and North Central Expressway in Dallas for an undisclosed price.

LOS ANGELES-IMT Capital LLC of Los Angeles and its associate IMT Residential are planning to construct three new residential developments totaling 653 units in the San Fernando Valley.

OLIVE BRANCH, MS-Atlanta-based IDI has closed a new lease deal at Crossroads Distribution Center Building A, a 452,743-square-foot building at 9124 Polk Lane in Olive Branch.