ATLANTA-Principal Life Insurance Co. of Des Moines, IA paid $36.9 million or an average $100,545 per unit, a healthy price in a tight sellers' market. The properties, with a total 367 units, are Post Hillsboro Village and Post Greenhills.

NEWPORT BEACH, CA-Orange County developer Western Realco has sold one building and leased another of the four buildings in its Promenade Business Park in Corona. Opened in mid-1999, the park only has 45,000 sf of available space left<p>

NEWTON, MA-Renovations are complete at the Riverside Center here and Navic Systems, the fourth subtenant in the building, is moving in. The company, which needs to expand its operations, beat out dotcoms for the space.

ALISO VIEJO, CA-Soka University is nearing completion of the first phase of construction on its 103-acre campus that will total 750,000 sf. The second phase will add another 500,000 sf including a music hall and a 2,000-seat performing arts center.