PHOENIX-Rising rents and a bump in $10 million-plus office sales ignite hope for Phoenix's office sector, despite still-high vacancy rates.

GAITHERSBURG, MD-Five Mile Capital Partners LLC of Stamford, CT has brought on real estate developer Hines to help shape the redevelopment of the outdated 1980s Lakeforest Mall here.

TYSONS CORNER, VA- Northwestern Mutual, Prudential Mortgage Capital Co., and TIAA-CREF are each kicking in $283.3 million.

MISSION VIEJO, CA-Prudential Real Estate Investors sells Mission Ridge, a two-building, class-A office campus here totaling 231,065 square feet, for an undisclosed amount to Cornerstone Real Estate Advisers.