MEMPHIS-The five distribution facilities are 95% occupied. The strategic acquisition gives Denver-based ProLogis presence in a major market with a variety of rail, road and river transportation options.

MIAMI-Karlton Collins LLC purchased the former apartment complex turned office building for $22.4 million from Victor Posner Trust No. 6 and Security Management Corp. The buyers are converting it into condos, for an acquisition and conversion cost of about $45 million.

DENVER-At a recent City Club meeting, a group of 90-civic leaders debated the issues surrounding the city of Denver's desire to build and own a Hyatt Regency across from the Colorado Convention Center, with the heart of the debate centered around whether the city should be undertaking a project that the free market finds too risky.