DENVER-The new mayor has high hopes for the Mile High City to initiate summits that will market not only the city and its suburbs, but the entire state as well.

PHOENIX-A Palos Verde Estates, CA, investment group gets the title to a namesake investment with its $3.6 million purchase of Palos Verde Fairways, a 68-unit complex adjacent to the Palos Verde Golf Course. The park-like setting enhanced the deal but it was the positive cash flow numbers that sealed the group's decision to buy.

PORTLAND-The $56-million Elizabeth Lofts by Pearl District developer John Carroll will rise 16 floors and have 12,000 sf of retail space, 210 parking spaces and a single-story restaurant pavilion fronting a public plaza.

CHICAGO-A deal between Trizec Properties Inc. and first-mortgage holder Metropolitan Life could happen "over the next month or two," says CEO Timothy H. Callahan in his REIT's earnings conference call.