PHOENIX-Developer Fred Unger partners with businessman Mark Doerflein on the $3.24-million acquisition of a mostly vacant CBD office building. The duo is working out details for a 56-room boutique hotel, 26 condos and retail space.

CITY OF INDUSTRY, CA-The California retailer pays $8.975 million to seller Ringwood Avenue Properties LLC. Stroud expects to move into the new facility this month following construction of a new 25,000 sf mezzanine for the administrative area.

STAMFORD, CT-Robert J. Gold and Thomas Weinstock have left Grubb & Ellis' Office Services Group in Stamford and have moved several blocks downtown to become vice presidents with CB Richard Ellis' office here.

STAMFORD, CT-Pitney Bowes executives are pondering the wisdom of staying in their 422,000-sf corporate headquarters building here. Whatever the outcome, they won't abandon Connecticut, they say.