PHOENIX—ORION Investment Real Estate announces the sale of The Cornerstone shopping center in Tempe located on the northeast corner of Rural Road and University Drive adjacent to Arizona State University. The 117,351-square-foot center sold for $29 million to Cornerstone Retail, L.L.C., a commercial real estate entity affiliated with YAM Properties which was founded by Valley businessman and Go Daddy founder Bob Parsons.

TORONTO—With assets across eight Canadian provinces and nine US states, H&R and the portfolios' co-ownership expect further growth in the industrial sector.

WASHINGTON, DC—The General Services Administration has reinstituted a search for space in Foggy Bottom or Arlington for the Diplomatic Services bureau.