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SAN DIEGO-Work completed on first phase of local headquarters for Vayusphere, a wireless communication developer. The $1.8-million facility is located at Pacific Corporate Center in Sorrento Mesa.

MINNEAPOLIS-Cindy Hoeschen will be responsible for the rollout of a new visual identity campaign for Welsh Cos. She has more than 10 years of experience in commercial real estate.

NEWPORT BEACH, CA-The case, filed last week in Orange County Superior Court by a law firm known for its focus on class-action litigation, alleges breach of fiduciary duty by the REIT's board of directors.

AUSTIN-USAA has hawked its Marriott at the Capitol after 15 years of ownership. Buyer Lend Lease Investments nor seller are talking price, but the 365-room hotel is appraised at $35.3 million. The buy is Lend Lease's second in the state capital.

CHICAGO-Some high-ranking corporate officials here as well as national leaders in Washington, DC have the "r" word on the tip of their tongues. But one retail expert says, "I don't think things are as dire as some think.

AUSTIN-USOL Holdings has named Don Barlow to the posts of president and CFO. Former CFO Jeff Sperber has headed to Denver. In another change, the multifamily provider has its first controller.

CHARLOTTE-Undeterred by a slowing economy, the Dallas-based company looks at multi-billion public and private works in the Carolinas and Georgia. The new office joins five others.

WASHINGTON, DC-Lodging real estate investment trusts will grapple with a slowing economy this year but will emerge unscathed, according to an analyst who forecasts a 10% to 15% return for 2001.