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LOS ANGELES-The 86-unit apartment complex has been bought by a private investor, as the county's multifamily market continues to shine. One of the principal factors contributing to the strength of this market is the apartment shortage.

BEDFORD, TX-Six months of looking ends with a Ft. Worth investor taking title to the Don Pablo's headquarters, which had carried a $4.9-million asking price. New owner Klabzuba Properties reportedly is making plans to lease the office building.

TROY, MI-The city plans to spend about $210 million to land conference and performing arts centers. Officials see the MeadowView Marriott Conference Resort and Convention Center in Kingsport, TN and the Rosemont, IL Convention Center.

BLOOMINGTON, MN-The 122,177-sf property was sold by the fast-growing, Los Angeles-based commercial real estate investment firm and leased back to GN ReSound, which makes hearing devices.

WILMINGTON, IL-Meritex Enterprises buys a 430,000-sf facility formerly used by Johnson & Johnson, leases 112,265 sf to Ivex Packaging Corp. and plans to develop the 79-acre site for additional commercial and industrial use.

ATLANTA-SkanskaUSA-Beers Construction Co. of Atlanta and C.D. Moody Construction Co. of Redan, GA walk off the estimated $33 million project after a disagreement with Centennial Hill Development Partners over cost allowances for the tower's facade.

PHOENIX-It's going to be a slow year, says a Grubb & Ellis VP in analyzing second-quarter results for the office sector. Vacancy is riding at 15.2%. Factor in sublease space and it's closer to 18%. But, he predicts, it's not permanent.

CHICAGO-The Two River Place LLC site is south of Wards' massive headquarters, which also is being rehabbed into 241 condominium units. Prices would range from $200,000 for one-bedroom units to $700,000 for three-bedrooms.