BOSTON-Apartment Investment and Management Co. purchases the apartment portfolio of local developer Thomas J. Flatley for $500 million. The 11-property portfolio consists of 4,323 units and the deal is considered the area's largest-ever multifamily transaction.

WESTBOROUGH, MA- Liberty Mutual Insurance Co. leases 27,000 sf at 114 Turnpike Rd., a three-story building in Westboro Executive Park. The area's high vacancy rates have made creditworthy tenants all the more valuable to increasingly antsy building owners.

HOUSTON-A 7.3-acre tract in Sugar Land will house the region's fourth Mercedes-Benz dealership while a Northwest Houston parcel, totaling 5.3 acres, is the next site for Parkway Chevrolet.

MESA, AZ-The 204-unit Indigo Springs has been acquired by a group of tenants in common. The seller is an entity of Gray Development, which built, stabilized and sold the complex it in a three-year period.