WASHINGTON, DC-Proceeds from the offering--which allows underwriters the option of acquiring as many as 300,000 additional shares--will be used to repay funds borrowed from a $90-million term loan.

ST. PAUL-The Parkway Addition housing development in Marshall, MN, is cited as example of business, nonprofits and public working together to build affordable housing.

NEW YORK CITY-In this year of the big deal, another one is added to the list as 11 Madison Ave. changes hands for $675 million. The 2.2-million-sf tower is being acquired by Tamir Sapir of Zar Realty Management Corp.

HOUSTON-Construction begins Monday on a Verizon Wireless building, a 4,305-sf design at a high-traffic intersection in the Willowbrook section of the northwest submarket. The building will deliver in the first quarter.