RIO DE JANEIRO—Latin America continues to see growth in new projects and leasing activity, led by preparation in Brazil for the 2016 Olympic Games, as well as investors drawn to the emerging markets in the rest of South America and the Caribbean.

Will McIntosh brings 20-plus years in the global investment management sector to his new role of global head of research for USAA Real Estate Co., based in San Antonio, TX. Before joining USAA, McIntosh served as head of global research for the real estate department of Abu Dhabi Investment Authority in Abu Dhabi. He has also held key positions at ING Real Estate Investment Management, AIG Global Real Estate Investment Corp. and Prudential Global Asset Management Group.

ROSEVILLE, CA-Hines U.S. Core Office Fund has sold a nine-office building portfolio located along Douglas Boulevard in Roseville to Ellis Partners for an undisclosed price.