ATLANTA-The Greensboro, NC-based investor group, led by Steven D. Bell & Co., paid Atlanta-based Davis Development $68,058 per unit for the two Atlanta and three Tennessee complexes totaling 1,102 units. Average occupancy of the portfolio is 94%.

PHILADELPHIA-The four-story, Spring Ridge office property near Reading, PA in

ATLANTA-Continuing its march through Georgia, the Oak Brook, IL-based

ATLANTA-John Drew leaves Staubach to set up his own shop, JDrew Real Estate Advisors, in suburban Sandy Springs, GA. Steve Martin exits locally based-Goddard Investment Group to head Dallas-based Granite Properties' Southeast regional office in Atlanta.

PHILADELPHIA-Beefed up since the terrorist attacks on September 11, the US Immigration and Naturalization Service is seeking a 32,000-sf facility in Pittsburgh to replace its current 13,000 sf in the William S. Moorhead Federal Building across from the federal courthouse.

PHILADELPHIA-Targeting Philadelphia as an "undervalued market with significant potential for growth," Ashforth Co. buys a majority interest in 1818 Market Street and begins a $5-million upgrade. Area brokers estimate the deal establishes the property's value at $109 million.

PHILADELPHIA-Just as the state legislature is about to consider authorization of a $232-million grant to fund expansion of the Pennsylvania Convention Center, a local civic association urges lawmakers to turn down the request until the Convention Center Authority implements change.

ATLANTA-Michael Dougherty is hired as director of development for Cypress Equities, the development and acquisition arm of locally based-Staubach Retail Services. He'll provide development services for Staubach's retail clients in the Southeast and Mid-Atlantic.