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SCOTTSDALE, AZ-The Scottsdale, a 160-unit complex in the city's southern corridor, has been sold to a San Francisco investor for $9.17 million. The Sterling Financial Group of Scottsdale is the seller.

WALTHAM, MA-Dallas, Texas-based The Adea Group expands to this area with its opening of an office here. The technical staffing firm, which is also entering the New York market, sees the area as an opportunity for growth.

ROUND ROCK, TX-Dirt's flying on Houston-based Martin Fein Interests, Lakeside at La Frontera. The 388-unit complex is Fein's second project in the development and comes on the heels of the Enclave reaching 50% lease-up.

ORANGE, CA-The buyer, Brookhollow Industrial Properties, has paid $6.3 million for the 155,000 sf facility. The property is 100% leased, with tenants including Orange Engineering & Machine, Go Rhino Products and CAPCO.

ATLANTA-The publicly traded, locally based builder of single-family residences and townhomes plans to use its common stock to pay for up to 20% of the purchase price. The deal with Sanford Homes of Colorado, third largest builder in Denver, closes in August.

NEW YORK CITY-The 88-year-old firm, with a staff of 300 professionals who manage more than 16.5 million sf of space, leased and sold more than 7.5 million sf of space last year.

SEATTLE-LandAmerica Financial Group Inc. has announced the consolidation of the National Commercial Services office in Portland, with the one in Seattle. The Company's NCS division handles the coordination of complex, single and multi-property commercial real estate transactions for national customers.

HOUSTON-Dr. Barton A. Smith of the University of Houston's Center for Public Policy has collated data that shows the office vacancy rate is dropping and will continue to do so through 2006. By 2003, it will be below 10%.