WASHINGTON, DC-The US Department of Transportation headquarters building at 400 7th St. will undergo a $150-million upgrade, says property owner David Nassif Associates. The 1.3-million-sf property will be vacated by the DOT when its new home in the Southeast Federal Center on M Street reaches completion in 2006.

SAN FRANCISCO-An affiliate of Houston-based Hines Interests acquires 101 Second St., a 387,000-sf building completed in 1989, and 55 Second St., a 379,000-sf building completed in 2002. The sale marks Cousins' sixth disposition so far this year.

SACRAMENTO-Two days after announcing that its US Core Office Fund paid $287 million for two Downtown San Francisco office buildings totaling 766,000 sf, the Chicago-based company says its US Office Value Added Fund also has acquired Sacramento-area assets, paying $69.5 million for Capital Center II/III, a 10-building, 529,000-sf portfolio of low-rise office space located in Rancho Cordova.

BOSTON-Shreve, Crump & Low relocates from 330 Boylston St. to 222 Berkeley St. The jewelry retailer is leasing 21,722 sf formerly occupied by FAO Schwartz. The toy retailer entered bankruptcy protection last year and closed this store.