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LOS ANGELES-Private investor pays $10.2 million for 52,000-sf medical office building in Pasadena, helping to keep local brokers busy while many big institutional buyers stay on the sidelines.

AUSTIN-Research and development in Austin might have to take a back seat to logistics and distribution in a few years. Lots of land and proponents hope to turn the corridor into an L&D hub, a potential bolstered by cargo capability expansion at the airport.

BALCH SPRINGS, TX-An interior building at the Elam Village Shopping Center in Balch Springs has a new owner, Retirement Realty Equities. The seller's broker describes the sale as a bread-and-butter deal for the buyer.

DENVER-ProLogis signs an agreement with international distribution company TNT for five build-to-suit facilities totaling 1.7 million sf. The largest is 1.1 million sf in the Seliport Industrial Park in Milan, Italy.

CHICAGO-One fallacy of dot-com implosion is "some people wonder if the Internet matters anymore" but computers are likely to continue to grow in practical usage for brokers, leasing agents, property managers and financiers.

ORLANDO-Mired in red ink, locally based Sunterra Corp., once the highest time share flyer in Central Florida, has retained New York-based Insignia/ESG Hotel Partners as advisors in the planned sale of at least 30 of its 89 global time share resorts in the next seven months.

CHICAGO-Transwestern Investment Company, LLC's Aslan Realty Partners, LP closes on the 1,000-unit Cedarbrook Hill Apartment Homes in Wyncote, PA. Stamford, CT-based Ceebraid-Signal Corp. will manage the upscale suburban complex.

ATLANTA-The locally based REIT owns 34,000 apartments and has 4,385 units under development.