LOS ANGELES-The joint venture of CB Richard Ellis Investors and CalPERS closes on assets in California, Texas, New Jersey and Colorado, including data center and telecommunications facilities.

MEDFIELD, MA-A developer proposes building a golf course on the 225-acre campus of the Medfield State Hospital, which is due to close this May. The town wants the property to generate more tax revenue but acknowledges that the site's location is less than ideal for commercial development.

ANNE ARUNDEL COUNTY, MD-Spurred on by the success of its neighboring 1.2-million sf National Business Park, developer Corporate Office Properties Trust coughs up $21 million for the initial purchase phase of a 108-acre property to house its 1.3 million sf Cedar Knolls office park.

MELBOURNE-Scheduled to open time for the 2006 Commonwealth Games, the ING project will include waterfront retail, office, space, entertainment venues, a hotel and a fire station.