BOSTON-CB Richard Ellis purchases 101 Arch St., a 407,000-sf, 21-story building located in the heart of the city's financial district. The property is part of a portfolio the company acquired from Metropolitan Life Insurance Co.

NEWTON, MA-As part of the court case involving Five Star Quality Care and Marriott International, a state court rules that Marriott can sell its management contracts for 31 senior living communities which are owned by Senior Housing Properties Trust and leased to locally based Five Star.

GREATER BOSTON-The investment market in the area has plenty of capital to invest in the real estate market but with investors flocking to high-quality deals, those assets are selling quickly and at high prices while lower-end product is barely moving.

QUINCY, MA-The Flatley Company, owner of the Boston Marriott Quincy Hotel agrees to drop its lawsuit against Bethesda, MD-based Marriott International Inc., which manages the hotel. The companies say there will be no payments by either party.

BOSTON-A locally based developer, RF Walsh Co., has submitted a project notification form to the city proposing to build a 183-unit apartment complex in the former Boston College High School in the South End neighborhood of the city.

QUINCY, MA-A US Bankruptcy Court gives Stop & Shop Supermarket Co. the right to 18 former Ames store leases for $20 million. The locally-based supermarket chain says it will not use all of the properties for its stores.

BILLERICA, MA-Creo Inc. relocates its Creo Americas headquarters to a 90,000-sf facility on 3 Federal St. as part of a company-wide consolidation effort. The company is moving out of its Bedford, MA location and will transfer its manufacturing operation near Creo Inc.'s headquarters in Canada.

LEXINGTON, MA-Patriot Partners a joint venture among Atlantic Management, Concord, Mohawk Partners and Peabody Global Real Estate Partners, purchases the three-building, 361,000-sf headquarters of Raytheon Co. The aerospace and defense contractor is relocating to a 150,000-sf building in Waltham, MA.