ALEXANDRIA, VA-Velsor Properties has purchased the six-building, 274,000-sf Beltway Business Center for $23 million from a client of UBS-Brinson. The buildings are located less than one mile inside the Capital Beltway here.

CUPERTINO, CA-On the heels of a favorable third quarter that lead to analysts upgrading the REIT to a Strong Buy in November, the company declares a fourth quarter dividend of 19 cents a share.

BLOOMINGTON, MN - Bloomington city Council approves environmental impact statement.

BOSTON-State, city and legislative leaders differ on how funding and approval issues for the 30-acre Surface Artery here will work. The final report of the Surface Artery Commission is due to the Legislature by the end of this month.