CHARLOTTE-Sixteen shelter projects are under construction and a dozen new restaurants and night spots have opened recently. City officials hope for a retail resurgence Downtown, but the CBD's 500,000 sf won't catch up with the suburbs any time soon.

NOVATO, CA-Pru Real Estate Investors will now hold a majority share of the $100-million, 500,000-sf project started by Barker Pacific Group, now the minority partner. The first hanger completed is leasing up at $34 per sf.

DENVER-The State Board of Land Commissioners has cut a $13.7-million deal with Transwestern to buy the Governors Center II office tower. The seller is reaping $1.9 million after just two years of ownership.

PHOENIX-The most visible building in the East Valley, a 16-story, blue-neon-lit office tower, has been purchased by a local group for $33 million.