CHICAGO-Chief financial officer Gregory F. Hanson opts not to relocate to the 46th floor of Sears Tower, Trizec Properties Inc.'s new headquarters. The REIT also reveals former president and chief executive officer Christopher Mackenzie got a $4.93-million severance.

WASHINGTON, DC-Boston Properties pockets $345 million in the sale of its One and Two Independence Square properties to Wells Real Estate Investment Trust. Developed in the early 1990s, the class A office buildings account for a total of nearly 950,000 sf of space on E St. in the District's southwest area.

CAMARILLO, CA-A Westside Los Angeles investor, in a 10-31 exchange, buys the 100% leased property at 1955 E. Daily Drive, near the Camarillo Outlet Mall. Considered cash cows, auto service centers rarely trade hands.

FORT LAUDERDALE-As senior VP and director of development, Caroll is now responsible for industrial development within the state for the locally-based company. He previously worked for Stiles Corp., also headquartered here, and Prentiss Properties in Chicago.