PHOENIX-Southwest Phoenix, which has become a hub for distribution centers, has attracted another one, this time home-improvement retail giant Home Depot.

BOCA RATON, FL-Devco Holdings is developing the 66,000-sf midrise and a 70-car parking garage at the northwest corner of US 1 and Palmetto Park Road. Bank United is providing $9.25 million in construction and land acquisition loans.

DEL MAR HEIGHTS-A Bank of America office catering to affluent communities has opened a branch in this coastal enclave and office/commercial submarket.

McLEAN, VA-Reilly Mortgage Group names Penny Austin assistant vice president and Raymond Miller as senior underwriter. Both will be responsible for underwriting Fannie Mae DUS, Freddie Mac Program Plus and lending programs.