ORLANDO-The Birmingham, AL-based developer sold the 13-year-old, 183,450-sf Colonial Promenade University Park Phase II and the 17-year-old, 72,500-sf University Park Plaza to Orlando-based University Park Associates LLP. CMS Cos. of Philadelphia purchased two apartment communities in Tampa, FL and Montgomery, AL.

OAKLAND, CA-A national design firm has committed to five years at Oakland City Center and will relocate employees from its current Oakland location and a Pleasanton office to the new facility.

BURLINGTON, MA-Digimarc ID Systems, an Oregon-based company that develops digital watermarking technology, is leasing 60,000-sf of space at 63 Third Ave in the Northwest Office Park. The company was the winning bidder for the local division of Polaroid's ID Division.

AURORA, CO-The 75,497-sf retail center at 15200-90 E. Iliff Ave. is funded by one of NorthMarq Capital's correspondent life insurance companies. The center is owned by Iliff Plaza Partners, LLC, an affiliate of Loup Development Co.