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HOUSTON-The Principal Financial Group of Des Moines buys a two-building portfolio, totaling 300,000 sf, from Archon Financial. The city's improving office market is giving the city more luster in investors' eyes.

One of nation's largest buyers of retail sites purchases Shawnee Station. Property appraised at $34 mil.

RESEARCH TRIANGLE PARK, NC-Warehouse and industrial construction in the Triangle is starting to shift eastward toward Garner and East Raleigh from its current stronghold around Research Triangle Park.

DENVER-In a surprise move, Atlanta-based Post Properties Inc. has withdrawn its $14 million bid to buy East Village, a controversial low-income apartment complex east of Denver's central business district. The subsidized housing complex is across the street from Post's $100 million, luxury apartment project.

ORLANDO-The Bentonville, AR-based retailer pays MetroWest Land Development Co. about $293,480 per acre or $6.74 psf for a 25-acre tract to build a 229,000-sf prototype structure in southwest Orlando.

ORLANDO-The facility's $748 million addition will grow the structure to 2.1 million square feet of exhibit space by 2003 and make it more competitive with Las Vegas, Atlanta and Chicago.

DETROIT- Western Michigan township to be site of retailer's new Midwest distribution center.

PORTSMOUTH, NH-Slowdown in builds is called largest decrease in since Q4 '98.