THE WOODLANDS, TX-The chemical manufacturing giant and New York City equity investor buy a 70,000-sf office building on 7.5 acres and an abutting 6.6 acres to develop a headquarters, lab and research campus as part of a sweeping cost-saving initiative.

ATLANTA-The estimated $125 million, 10-acre project at Peachtree and Piedmont Roads already has 215,000 sf pre-leased with four major tenants. Ground-breaking is set for mid-2005 with tentative completion by mid-2007. The building will be Buckhead's first office tower since 2001.

MIAMI LAKES, FL-Elad Group Florida LLC, based here, also is planning to purchase the remaining four properties in the eight-property portfolio, which Ameriton Properties is selling. The others are expected to close by early next year.

HOUSTON-Camden's takeover plan of Summit will get a fair share of its fuel from a JV proposal, with the REIT offering 80% of the pot to an institutional investor. After the dust settles, Houston, Dallas and Las Vegas portfolios will have 3,200 fewer apartment units.

INDIANAPOLIS-The master planned development will include office, industrial, retail, medical and residential development, which the locally based office and industrial REIT expects will be valued at more than $750 million upon completion some 15 years from now.

BLOOMFIELD TWP, MI-Golling Chrysler Jeep Dodge is building an 80,000-sf "Project Alpha" Chrysler dealership, the first Chrysler Group "Project Alpha" store in the metro area, and one of the first in the US.