DENVER-Archstone Communities, the nation's second-largest multifamily REIT, is posting leasing rates that surpass absorption rates by 18% and rental rates 6% ahead of budget at its new apartment communities scattered across the country.

LONGMONT, CO-Western Property Advisors' sell strategy to buy under-valued properties, then fully lease them and re-market them pays off in this Boulder suburb. About $18.8 million has been realized in the sale of Ute Creek.

SUPERIOR, CO-DelWest Holdings heads to Superior to build an 80-unit, low-density townhouse community. About 15 acres of the 35-acre site will include complementary support projects such as assisted living and day care.

DENVER-Denver architectural firms, RNL Design and Shears & Leese Architects LLC, have taken a parking garage design and walked away with an Excellence in Urban Design award at the AIA Denver 2000 ceremony.

DENVER-Destination Hotels & Resorts has a new senior VP to handle the eastern US. In concert with that hire, the company has brought a VP of strategic sales on board.

SUPERIOR, CO-The 147,000-sf Superior Pointe brings in $22.4 million for principals of the Neenan Co., who have sold the class-A office complex to two local investors.

DENVER-ProLogis is heading overseas to the 161,000-sf Garonor Park near Paris where it will lease space in ongoing efforts to steer City Reach International in a high-tech undertaking to provide France's first secure IT operation.

GLENDALE, CO-Home Depot is opening doors on its largest operation in the Denver area. The inventory will boast a high-end lineup including Maytag appliances and Thomasville cabinetry.