NEW YORK CITY-Despite record high prices, the first Chelsea condo development is 35% sold and a deal with chain boutique Benettons is inked late last week for the entire ground-floor retail space.

BOSTON-Local developer Steve Karp notifies City Hall here of his plans for Pier 4 on the South Boston waterfront here. Karp also files the required environmental notification forms for his $400 million mixed-use project.

SAN DIEGO-The California Public Employees' Retirement System announced that it has selected Michael B. McCook of San Diego to head the real estate arm for the huge state retirement fund.

MINNETONKA, MN-Opus sold the two buildings to separate buyers; the 265,000-sf first phase to Property Reserve in Salt Lake City, UT for $43 million and the 300,000-sf second phase to Wells Real Estate in Atlanta for $53 million.