MINNEAPOLIS-The former Downtown Council executive will focus on business growth and development efforts. He took over on the first of September.

NEWARK, DE-One Liberty Properties, a New York-based REIT that specializes in acquiring net-leased single-tenant properties, purchases the 23,500-sf structure at 106 Geoffrey Dr. for its portfolio in a $4.6 million deal.

NEW YORK CITY-Hines closed on three properties--two in Manhattan and one in Washington, DC--as part of an arrangement with Sumitomo Life Realty that was announced in April.

THE WOODLANDS, TX-The 100%-leased, 233,473-sf package has three of four buildings leased to single tenants, with the first contract not due to roll for three years. Sources believe the office portfolio will reap $22 million to $25 million.