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LOS ANGELES-American Realty Advisors pays $31.5 million for Principal Capital

TOLEDO, OH-A broker claims the deal is the largest single-investor purchase ever in city. Harvey A. Tolson buys a 514,000-sf industrial/flex complex from the State Teachers Retirement System of Ohio for $15.7 million.

LONDON-Prime residential prices in London have risen by 65% since Labour came to power according to agency Knight Frank.

FORT LAUDERDALE, FL-The six-year-old lodging chain, founded by entrepreneurs H. Wayne Huizenga and George D. Johnson Jr., is moving to Spartanburg, SC over the next six months where Johnson and his brother own a real estate development company. Fort Lauderdale is 26 miles north of Miami.

COSTA MESA, CA-A locally based developer has acquired a 1.6-acre parcel in Costa Mesa, in a deal valued at $1.3 million. The company plans to build a 26,000-sf office and retail project on the site.

BIRMINGHAM, AL-The old-line, privately-owned firms have a combined servicing portfolio of $2.9 billion and are shooting for $1 billion in total production this year.<p>

AUSTIN-A Los Angeles-based family investment group has secured its first Austin property and more are being eyed. The $19.1-million buy had one hitch, the loss of Regal Cinema midway through the talks. A replacement tenant is being actively pursued.

LISLE, IL-The 242-room property at 3000 Warrenville Rd. in this East-West Corridor suburb undergoes a $3.5 million conversion as it becomes Dallas-based Wyndham International's 11th property in the Chicago market.