LACEY, WA-Sales of commercial sites in the 1,153-acre master planned community are moving ahead of schedule. Thus far, 65% of the 271-acre total has been acquired by local developers, and 360,000 sf of predominantly-industrial space has been delivered.

ATLANTA-The locally based developer bought four acres at Glenlake Parkway and Abernathy Road in North Atlanta from St. Joe Co. of Jacksonville, FL. for an estimated $40 per sf. The developer plans to build a 14-story office tower, tentatively scheduled for completion in January 2003.

PEABODY, MA-A luxury apartment complex here, Terrace Estates, receives $22 million in permanent mortgage financing. Funding for the 521-unit complex, developed by The Terrace Realty Trust, was provided by Freddie Mac through Legg Mason Real Estate Services/Spectrum Financial.

EVERETT, WA-The apartment market is driven by employment czar, Boeing, and vacancies will climb with layoffs. But once the industry bottoms out, Saint Newton says Boeing -- and Everett -- will rebound as aging fleets require new planes, bringing workers to build them.