REDWOOD CITY, CA-Hoping to capitalize on city-owned marinas that are closing, the CEO of Pinnacle Systems has presented Redwood City officials with plans to build a new marina at the end of Seaport Boulevard.

LOS ANGELES-The five-year plan is aimed at spurring construction of affordable rental housing in LA and Orange counties and helping current tenants acquire a home of their own. New commitment is particularly welcome in LA, where city's efforts to build a similar fund of its own have stalled.

HOUSTON-Involved parties are quiet about the purchase price, but an industry source says the 229-unit Plaza in the Museum District brought more than $25 million. It's the second buy in weeks for Clarion Partners, acting for institutional investors.

PLANO, TX-Cencor Realty Services leads the team for Dallas-based investors to develop 120,000 sf to 130,000 sf of retail, restaurant and entertainment development at far end of the Dallas North Tollway. A $1-million road project now makes it a viable proposition.