PEORIA, AZ-The 96,076-sf Arrowhead Fountains in the metro's northwest corridor heralds the start of a class A and B buying strategy by Denver-based AmeriVest Properties. Arrowhead Fountains sells for about $12.8 million as plans get fine-tuned for another closing in December.

NEW YORK CITY-The property development and management company ups last year's third-quarter funds from operations for its stabilized properties portfolio from $1.6 million to $2.8 million for the quarter ended Sept. 30.

DENVER-The investment arm of Amstar Group, which controls about $750 million in class-A office buildings, hotels and retail outlets across the US, is refurbishing some of the nine theaters formerly held by Colorado Cinema.

NEW YORK CITY-While the lodging industry takes it on the chin throughout the country, the Crossroads of the World will see the opening of a high-end hostelry just before the ball drops on New Year's Eve