PHOENIX-A seasoned pro at revitalization projects in San Francisco and LA has acquired its first Phoenix property for a similar play. The 34-unit Town Apartment Community attracted four offers within a month of hitting the market.

LOS ANGELES, CA-The Los Angeles County office market "continued its slow climb out of recession during 2002" in an uncertain economy, according to a year-end analysis, but the climb was indeed slow as vacancies rose and rents declined.

VANCOUVER, WA-Two apartment buildings totaling 190 units will be completed in the third quarter of 2003 and an 11-story office-and-condominium building will be completed in early 2004, completing the first phase of the Downtown redevelopment project.

DENVER-"Low-risk assets will experience a bidding frenzy in 2003," Timothy Richey, a senior director and top investment broker at the Denver office of Cushman & Wakefield, tells GlobeSt.com. Foremost will be grocery-anchored centers and buildings with long-term leases to credit worthy tenants.