BURBANK, CA-A software firm has purchased a 72,000-sf building in the Burbank area for nearly $10.7 million, a signal that small and mid-size investors have faith that property values and rents will go up.

RENTON, WA-SECO Development Inc. and Wright Runstad & Co. are redeveloping a former industrial site on the southern shores of Lake Washington into 778,000 sf of offices, 400 apartment units, a 220-room luxury hotel and an unknown amount of retail space.

OVERLAND PARK, KS-A newly formed bank holding company completes a transaction that includes purchasing the Kendall branch at 135th Street and Nieman Road in Overland Park for $1.7 million.

LIVONIA, MI-The local development firm bought Seven Mile Crossing to build up office space in this downriver city. The sale was part of a $56.4-million package that included buildings in Houston and suburban Chicago.