TAMPA-The 160-unit, 85%-leased Colony Square Apts. sold for $5.65 million. Longbranch Apts., a 184-unit, 86%-occupied complex, netted $6.6 million. Both Pinellas County properties were part of an IRS 1031 tax-deferred exchange transaction.

VIENNA-The 570-key hotel will close down for a year while it renovates all of its guestrooms and adds a conference center, meeting space, a full-service gym, day spa, restaurant and bar.

ROCKVILLE, MD-The University of Maryland Biotechnology Institute gets good news with the governor's recent allotment of funding from the fiscal 2004 capital budget for the $50-million development of the Center for Advance Research in Biotechnology II.

TOMS RIVER, NJ-The 903,000-sf Ocean County Mall, which hasn't changed much since the defunct DeBartolo organization built it in the mid-'70s, will also get a tenant upgrade.