LONDON- The auction market continues its irresistible rise. Allsop & Co's December commercial auction saw 197 lots sold for a total of GBP111.54 million ($178.87 million).

ROYAL OAK, MI-Four developers have offered to build multi-story residential buildings over parking garages on an empty Downtown site. The Downtown Development Authority begins considering proposals next month.

EL DORADO HILLS, CA-Syers Properties purchases Marketplace at Town Center from Regency. The grocery-anchored property opened this fall and is fully leased to about 20 tenants.

HOUSTON-Argus Realty, led by Maxwell Drever, spends between $13.5 million and $14.5 million for a two-building project that ground to a halt a year ago. To close the deal, Argus cleared liens, got new permits and secured a $4.38-million construction loan.