RICHMOND, VA-Washington, DC's Douglas Development has snapped up the 170,000-sf office building known as the 7th and Franklin Building in a $6.35 million deal with seller Chevy Chase Land Co.

NEW YORK CITY-Bertelsmann Inc. sells the office and retail condominium portion of 1745 Broadway, more commonly known as the Random House building, to Jamestown in a $297 million sale-leaseback deal.

WASHINGTON, DC-Marriott International Inc. gets on the receiving end of a lawsuit as minority shareholder Amalgamated Bank files suit against the company for failure to disclose relevant financial information.

HONOLULU-Coldwell Banker Commercial Pacific Properties has won the leasing assignment for the 620,000-sf Pacific Guardian Center in Downtown Honolulu, the city's second largest office complex.