ODENTON, MD-Two Luxury apartment complexes sell for a combined $55 million in a deal closed by Bethesda, Maryland's Transwestern Multifamily Group. Former owners, the Halle brothers, sell the 278-unit and 264-unit complexes to Colorado's Archstone Communities.

ANNAPOLIS, MD-Governor Parris N. Glendeing announces $10 million in funding for various revitalization projects through the state's Community Legacy Program. The funds will be distributed among 52 different projects, although a total of 92 organizations submitted proposals requesting more than $100 million.

DALLAS-Eastdil Realty's Andrew S. Levy and Jeffrey M. Stone depart after two years to lead Holliday Fenoglio Fowler's Dallas investment sales group. Levy and Stone have long been considered top players in the Dallas market.

MESQUITE, TX-Two of the proposed five industrial buildings at Hillwood Investment Properties' Skyline Business Park sell to California's Rreef Funds for an undisclosed amount; industry experts suggest $49 million.

HANOVER, MD-New Jersey's Whitehall Industrial Properties sells the warehouse/office building at 521 McCormick Dr. Whitehall acquired the building in 2000 and began major renovations soon after.

DALLAS-Hendricks & Partners reports the office and multifamily real estate markets suffered steep declines in the third quarter. However, the multifamily advisory firm says the region will have little trouble bouncing back.

RESTON, VA Uniondale, New York-based Arbor Commercial Mortgage funds an $8.5 million refinancing loan for the Hunters Woods Fellowship House. The 224-unit housing complex has been serving seniors and people with disabilities for more than two decades.

IRVING, TX-Genpass Technologies inks a long-term lease on a 15,000-sf building. Executive offices, customer support team and technology and operations center will move there to the new location by the middle of 2002.