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SAN FRANCISCO-A 212,000-sf telecom building is going up south of Market, and a major international carrier has reportedly signed a lease for a substantial portion of the building, which will eventually have a twin standing next to it.

TUCSON-A non-profit group has purchased for $20.85 million the largest apartment complex in the city and plans to turn it into a full-service retirement center.

PHOENIX--A local investor has purchased a 64-unit apartment complex in north Phoenix for $2.065 million.

HOUSTON-A 40-unit loft project is under way in an 80-year-old brick warehouse, formerly used by a moving and storage company. The project is within walking distance of the Houston Astros' Enron Field.

DENVER-The presidential race has competition in Colorado for the Nov. 7 election. If passed, the amendment will require cities and counties to create development districts where projects must again go before voters for a "yea" or "nay.

ORLANDO-The highlight of the three-day event, beginning today at the 750-room Hyatt Regency Grand Cypress Resort here, will be entrepreneur H. Wayne Huizenga's presentation of the Developer of the Year award to Terry W. Stiles, chairman of Fort Lauderdale, FL-based Stiles Corp. The conference is attracting about 1,000 NAIOP members.

DENVER-AmeriVest Properties takes slightly more than a 9.6% interest in Sheridan Investments, owner of the 118,000-sf Sheridan Plaza at Inverness office building. AmeriVest bought the shares from some of its own officers and directors, affiliates of Sheridan Realty Partners LP.

MIAMI-The Airport/West Dade area continues to outshine the city's CBD as Miami-Dade's most active office leasing submarket, based on figures for the first nine months compiled by RealData Information Systems of Coral Gables, FL.