DENVER-Archstone Communities is buying $50 million of stock from Security Capital. The seller wants more flexibility, a feat being accomplished by selling interests in 18 companies, Archstone among them.

FULLERTON, CA-The new owner of a $19.4-million business park, The Clifford Companies, plans to sell off each the complex's five buildings separately.

BEAVERTON, OR-Bankruptcy Judge Trish Brown declined last week to approve the city and Enron's $2.3-million reorganization plan for the stalled downtown redevelopment project, raising speculation that creditors may force the project into liquidation.

PHOENIX-In a sign of things of ever-increasing sophistication, an Indian Community near Phoenix has opened a 146-room resort. The new hotel is being managed and promoted by Harrah's.