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AUSTIN-Littlefield Corp., which relocated last year from North Carolina, has inked final papers for its acquisition of a corporate headquarters site. The 2501 N. Lamar buy shifts the Lumberman's Association to Littlefield's CBD leased spot.

DETROIT-More workers Downtown and lower vacancies overall in Southeast Michigan have given multifamily rental property owners an opportunity for increased revenue in spite of the economy, according to Marcus and Millichap.

ARDMORE, PA-Instead of matinees, the former movie house, which dates back to the 1920s, will be welcoming those looking for a workout. The 25,000-sf theater had been vacant for more than a year. The lessee operates five other locations; its parent company runs more than 100 clubs.

LONDON-The Portfolio Property Fund has bought 52/54 Southwark Street, London SE1 from the Milton Group to show an equivalent yield of 8.65%. The fund has now bought 11 properties, and also invests in property company shares.

ORLANDO-Commercial Net Lease Realty Inc. is paying shareholders $12.1 million in cash and $13.05 per share for a total 7.35 million shares of CNLR's newly-issued common and class A preferred. The deal, one of the largest in REIT circles this year, closes in the fourth quarter.

HOUSTON-Tranwestern Commercial Services' Houston office is up and running on a new leasing assignment in the city's south central submarket. The 653,533-sf contract is for the eight-building Main Park Service Center and Main Park Distribution Center.

ORANGE COUNTY, CA-The South County community begins life as an incorporated city today. Some say the newly minted City Council will push for slower growth.

ISSAQUAH, WA-Until the completion of a new 24" inch line that will connect Issaquah to Seattle's water supply, and the possibility of dipping into appropriately-named Lake Tapps, anything more than minor development is on hold.