BURBANK, CA-An affiliate of Digital Realty Trust acquires the 82,911-sf office property from an affiliate of Hines Corporate Properties for $16.6 million.

SEATTLE-The New York-based retirement fund TIAA-CREF pays $348 million for the 40-story, three-year-old Downtown office building here as part of a $1.47-billion five-property acquisition from National Office Partners, a limited partnership of Texas-based Hines and the California Public Employees Retirement System.

CORAL GABLES, FL-In April, the service provider to Latin American networks moves to 2525 Ponce de Leon, ensuring the new building will open 50% preleased. The class A asking rental rate Downtown approaches $30 per sf.

NORWALK, CT-In a move that will consolidate operations housed in four office locations in Fairfield County, the Interpublic Group of Companies, a major advertising and marketing services firm, has signed a lease for 110,000 sf of space.