MADISON, WI-The class-A multifamily complex in the West submarket sells at a 7.9% capitalization rate. A Wisconsin-based investor pays Northwestern Investment Management Co. $17 million for the property.

STANWOOD, WA-Lindstrom Development Group intends to build a mixed-use project in the Stanwood-Camano Village. Plans call for office and condominium space, plus a secure parking garage.

NEWPORT NEWS, VA-The $21 million renovation and expansion project for the Virginia Living Museum gets underway with a groundbreaking ceremony, attended by city and state officials. Upon its planned 2004 completion, the 36-year old museum will have tripled in size from 20,000 sf to 62,000-sf.

HOUSTON-An 87%-occupied medical office building attracts eight bidders, with the winner being MedCap Properties of Nashville. The 53,829-sf Red Oak Professional Atrium Building was advertised at $3.5 million.