SAN FERNANDO, CA-Acey Decy, which services the entertainment industry, buys a 58,000-sf industrial building here and will move its 40 workers from North Hollywood next month. The deal reflects a growing appetite for space-users in the area to own rather than rent.

SAN DIEGO-A Cleveland-based property owner has completed the sale of an office building in a deal valued at $7 million. The asset sold was a 58,800-sf office building leased to Eastman Kodak and Accumetrics.

PHOENIX-Hamstra Builders of Wheatfield, IN has its team in place for its first Arizona project. The in-town project, set to kick off in July 2002, calls for a three-story, 120,00-sf building that will be leased long term to the VA.

MELROSE, MA-Fidelity Investments is pitching a 579-unit luxury complex here on a 15-acre parcel that crosses over into Malden. This is the company's first residential development in the US but the company would need a number of special permits to get approval.