ATLANTA-The locally based investment group paid $13.3 million or $21,875 per acre for 608 acres in the 1,500-acre, 16-year-old Gwinnett Progress Center, the largest business park in Gwinnett County. Now it plans to sell off individual parcels at a profit.

NEW YORK CITY-Over the last two weeks, the Morgan Stanley REIT Index has hit four new highs and this week it reversed $51 million in outflows from real estate mutual funds during that period with an inflow of $80 million.

BOSTON-Spaulding & Slye Colliers releases its semiannual report that indicates drops in rent across the board. But while Cambridge and the suburbs saw significant dips, the city's drops were minor and are still not as low as they were less than two years ago.

DALLAS-A witching hour implosion is set for Sept. 16 of the 554-room Hyatt Hotel West at the Dallas-Ft. Worth International Airport. Time to clear the decks for the $1.1-billion terminal that will be mortared with 100,000 sf of multi-level retail space.