CHARLOTTE, NC-Equity Office Properties Trust sells the 32-story class A office building for $60.5 million to a fund managed by UBS Realty Investors LLC, the property investment arm of Switzerland's global financial services giant. The building is 85% leased by Duke Energy.

SAN DIEGO-The banking group's chief economist says the MBA believes the recovery is under way and the US is headed for economic growth. Rising rates for home mortgages will have implications for apartment investors.

FLINT, MI-Several popular art, music and cultural facilities in Flint are soon to be under new ownership for the bargain price of $1 per building. The transaction clears the way for millions of dollars worth of renovations.

SUFFOLK, VA-Lockheed Martin settles on the City of Suffolk to house its new 50,000-sf integrated solutions center. The facility, which is expected to cost $30 million, will sit within the 400-acre Bridgeway Commerce Park.