AUSTIN-GE Capital has acquired the 106,946-sf first phase of Stassney Heights Shopping Center as the developer, Trammell Crow Co., gears up to start work on the balance of the second phase. Three restaurants already are under construction.

BRAINTREE, MA-Peabody Construction begins construction on The Peabody Building here, a three-story Class A office building. The construction company plans to occupy half the building and lease the rest.

ATLANTA-The locally based hospitality firm opened eight hotels in six states in the fourth quarter, adding 1,000 rooms to the GuestHouse flag. The Suburban Lodge Extra brand opened a sixth property in Chicago in the last quarter, increasing its count to 119 operating hotels with 16,000 rooms.

RICHLAND, WA-Owners of the two-building, 189,455-sf Tri-City Professional Center are betting an anticipated boon from a $10 billion to $15 billion Hanford project will help them unload the property they have owned for well over a decade.