RICHARDSON, TX—Three large office buildings formerly owned by Bank of America have been sold to Champion Partners. Bank of America will continue to lease and occupy the buildings.

LOS ANGELES—The nation's first LGBT-friendly affordable senior housing provider announced its latest 40 unit development, located at Hollywood and Western.

MOORPARK, CA—One of the city's first neighborhood retail centers will be brought to the 21st century.

LOS ANGELES—Rexford Industrial says it has closed its fifth private equity real estate investment fund, Rexford Industrial Fund V REIT. The fund closed with $127 million in capital commitments and has acquired 2.6 million square feet of industrial.

SAN FRANCISCO—Construction has improved overall in year-over-year and quarter-over quarter analysis.

BEND, OR—Compass Commercial Real Estate Services reports shows two years of decreasing vacancies, indicating slow but steady recovery from the recent recession.

LAS VEGAS—Tenant, Take-Two Interactive taking 8th and 9th floors of Office building.

RANCHO BERNARDO, CA—Drawbridge Realty Trust has acquired two buildings in the Discovery Corporate Center, for $53 million. The two properties, are leased to Broadcom Corporation.