PHOENIX-Locally based Priority Investments has spent about $1.2 million to acquire the 40unit Mountain Manor Apartments in the heart of the Valley. The 25-year-old property brings a price below the per unit average for complexes of the same time period.

TROY, MI-Developers get a hint from the new city council that a Children's Museum and 70,000-sf IMAX movie theater are no longer welcome in the civic center property. The new mayor doesn't believe in giving away land.

WATERTOWN, MA-The battle between the town and Harvard University regarding the purchase of a 30-acre commercial property site here spurs legislation to be introduced that would prevent nonprofits from being exempt from property tax.

LOS ANGELES-Frenkel of California Inc. is the second tenant to sign on at Ernst & Young Plaza in the last month. In May, Lockton Insurance Brokers inked a 10-year renewal lease for 47,984 sf at the TrizecHahn building.