HOUSTON-Marcus & Millichap has closed the sale of an apartment complex in Houston.

HOUSTON-Commercial Brokerage has closed the purchase of an office warehouse building on behalf of Houston Development Group, the buyer.

ORANGE COUNTY, CA-Roy E. Daly & Co. has recently sold three apartment complexes for more than $55 million in Orange County.

ORANGE COUNTY, CA-Newport Beach-based KBS Realty Advisors has announced that its initial public offering for KBS Real Estate Investment Trust III has become effective.

HOUSTON-Wells Core Office Income REIT, an investment program of Norcross, Georgia-based Wells Real Estate Funds has acquired the Westway One building from an associate of Behringer Harvard.

ORANGE COUNTY, CA-Bio-Rad Laboratories expands, signing on for an additional 95,000 square feet of space here.

FORT MYERS, FL - Meridian Airport Park LLC has bought Meridian Center from BancAmerica Realty Finance, Inc.

FORT LAUDERDALE, FL-Carlisle Development Group along with the City of Fort Lauderdale's Housing Authority has begun the construction of a $32.-million housing development meant for low-income and very low income families.