GREENWICH, CT-Starwood Capital Group reports it has launched a new luxury "eco-friendly" hotel and residences brand called simply "1" and plans to open its first hotel in Seattle in late 2008.

LOS ANGELES-The Maguire Properties REIT proposes a 50-story office building of approximately one million sf on Figueroa Street in Downtown.

SACRAMENTO-The Long Beach-based company, with 4.5 million sf in Southern California, buys a 186,000-sf office building here for approximately $200 per sf.

MESA, AZ-Paragon Properties, eyeing one more closing, pays $23 million for 311 acres for a mixed-use plan with nearly 10 million sf.