ATLANTA-Local real estate group Overlook Partners acquires the four-building Lakeside Office Park from the Texas-based Archon Group LP for $4.5 million. Currently, the 102,000-sf complex is 70% leased.

ATLANTA-GA-Northyard Partners' $30 million Northyards office complex is open and ready for tenants -- any tenants -- to occupy the 275,000 sf of available space. Developers tout the high-tech offices and the refurbished historic railroad roundhouse to potential occupants.

BETHESDA, MD-Host Marriott will soon move into nearly 68,000 sf of office space at Democracy Center. The hospitality real estate company signs a long-term lease with owners Boston Properties, Inc.

CARTERSVILLE, GA-The steel mill on Grassdale Road gets new owners for the second time in five years. The property, purchased by Alabama-based Birmingham Steel Corp. in 1996, will come under the ownership of Brazil's the Gerdau Group by Dec. 31, 2001.

BRASELTON, GA-Trammell Crow Co. plans to erect a 2.6 million-sf industrial development on 160 acres along Georgia 53 and Zion Church Road. The project is a $70 million endeavor and work on the first building is slated to begin in the spring.

WASHINGTON, DC-The US Institute of Peace says no official papers have been signed, but reports circulate around the city that Boston area's Moshe Safdie and Associates will be the architect of choice to design the organization's new headquarters. The estimated construction cost for the project is around $38 million.

WASHINGTON, DC-Five years after its purchase by Berwind Property Group, the 1015 Fifteenth St. building gets another new owner. Berwind sells the 184,000-sf property to New York-based Teachers Insurance and Annuity Association for an undisclosed sum.

WASHINGTON, DC-MeriStar is awarded long-term management deals with hotel complexes on the campuses of Vanderbilt University and the University of Connecticut. The terms of the contracts are not being disclosed.