ORLANDO-Flagler Development Co. wouldn't disclose terms of the deal but area brokers familiar with the north Florida office market tell GlobeSt.com the estimated 10-year deal is valued at about $15 million, based on an average $22-per-sf rent in that submarket.

SEATTLE, WA-Apartment properties run on the small side in North Seattle and inventory is tight, so buyers tend to be individual investors who already own properties in the market and know it well, says one local specialist.

MINNEAPOLIS-The investment firm, which believes the two-year run by REITs is likely to continue, hires analyst Andrew Rosivach from UBS Warburg to cover the industry.

CHICAGO-The Morgan Park and Austin neighborhoods on the city's far South and West Sides are getting two-story, 43,000-sf police stations to replace outdated facilities. Their arrival also is expected to spur new retail development, especially in Austin.