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LOS ANGELES--Standard & Poor's renews triple-B-minus rating, citing Southland's favorable office-market conditions and REIT's good debt coverage.

CORAL GABLES, FL-After completing the 14-story Verona Tower at Deering Bay Yacht & Country Club in the local Old Cutler area last May, Watermark Communities Inc. has begun the Siena multifamily building of similar size. The Bonita Springs, FL-based company also plans a $150 million expansion of the Jupiter Yacht Club in Palm Beach county.

ORANGE COUNTY, CA--Prometheus Real Estate Group

MCLEAN, VA-Berwind Property Group recently purchased from TA Associates Realty a 68,000-sf suburban office building in Tysons Corner for $9.6 million, or $141 per sf. The Lewinsville Office Building is fully leased.

DENVER-Glazed Investments LLC likes to please its customers. It has broken round for a Krispy Kreme, the doughnut that has had customers waiting for hours in long lines at grand openings nationwide.

GREENWICH, CT-Convergence Asset Management, LLC, a privately held hedge fund, has signed a lease deal for its corporate headquarters at 411 West Putnam Ave.

RESTON, VA-Cable & Wireless leased 77,000 sf at the Sallie Mae corporate campus in Reston after the student loan agency downsized its own staff, freeing up space in the tight office market.

SAN FRANCISCO-Where real estate e-commerce sites have focused on getting buyers and sellers to the table, RealPrompt plans to streamline the entire process, from broker selection and deal negotiation to due diligence and closing.