WASHINGTON, DC—The market got a flashback of such transactions last week when Lone Star announced its acquisition of Home Properties and UDR's bid to acquire some of the local properties.

PHOENIX—Expanding its Phoenix area footprint, San Diego-based Parallel Capital Partners announced it has acquired One North Central—a 20-story, trophy office building in downtown Phoenix—for $93.75 million.

ANNAPOLIS, MD—Maryland Gov. Larry Hogan has directed the Maryland Department of Transportation to move forward with the nearly $2.5-billion Purple Line project, but with a significant cutback in state funding for the 16-mile light rail initiative.

DALLAS--Holland & Knight has hired Kelly Franklin Bagnall as a partner in its Dallas office.