STAMFORD, CT-The Ashforth Co., a real estate investment firm based here, has paid approximately $61 million for the 480,000 sf Valley Forge Office Center complex in King of Prussia, PA.

PORTLAND-Bruce Fery had directed the group's operations since 1997, overseeing the hotel, restaurant and commercial real estate assets of the Stevenson family of Bingen, Wash. The family recently sold its top asset, the downtown Heathman Hotel.

SAN DIEGO-South County Economic Development Council worries that gridlock at the region's airports could shoot down economy.

EMERYVILLE, CA-Due largely to its central location, commercial real estate in Emeryville has been booming recently. The city hopes to fend off a housing crisis with the retail and housing project.