SANTA ANA, CA-Lomax and Associates LLC (dba Austin Hardwoods & Hardware) acquires the 43,484-sf building and is using the space to operate a lumber and hardware store.

ORLANDO-Smith Travel Research reports occupancy at some of the larger hotels hit 84.3% on Saturday, March 23, a day before Palm Sunday. That was up from an average 40% among the 113,000 area hotel and motel rooms immediately following 9-11.

PORTLAND-The locally based developer, best known for its $14-million redevelopment of the Carnation Dairy in close-in Southeast Portland, is developing 140 market-rate and affordable loft-style apartments above a new 47,000-sf Safeway on the Downtown Portland West End.

ATLANTA-The Oak Brook, IL-based REIT sold the six-building, 184,738-sf University Square Business Center in Huntsville, AL to Alabama-based USBCC for $8.45 million or $45.74 per sf. Banyan realized $3.3 million in net proceeds from the sale, or 21 cents per share.