PHOENIX-The Pauls Corp. strikes a deal with a Hines Fund subsidiary to sell the two-building Downtown office asset for $272.9 million.

CHICAGO-Regus Group has renewed leases in 70 W. Madison St., 200 S. Wacker Dr. and 980 N. Michigan Ave.

MARBELLA, SPAIN-The firm will serve as development manager for the 153-room hotel and vacation enclave here, operated by the Mandarin Oriental Hotel Group.

NEW YORK CITY-GlobeSt.com learns that Proskauer Rose LLP is looking to lease 600,000-sf at Boston Properties' new one-million-sf development here.