PHOENIX-Two years and $4.7 million have gone into the planning for a 367-unit multifamily complex in the prestigious Camelback Corridor. Gray Olson Meyer Investments has the financing, the land and the plan to start coming out of the ground.

LOS ANGELES, CA-The City Council approved a purchase of five acres at the Corporate Campus. The $5-million sale was a savings of approximately $4 million over a prior independent appraisal of the land.

DALLAS-La Quinta Corp. gets a toehold on 2002 with the official signing of a tax-free merger with La Quinta Properties. The latter becomes a subsidiary reportedly with no loss to shareholders as the future hinges on growth through franchises.

MINNEAPOLIS-One sign Pillsbury may be moving to the General Mills campus in Golden Valley is the company's recent decision to give up 130,000 sf in the 500,000-sf Pillsbury Center at 200 S. 6th St.