GERMANTOWN, TN-The hotels--three Hampton Inns and one Spring Hill Suites--are five years old on average and have a combined 376 rooms. Equity Inns chief executive Howard Silver tells GlobeSt.com the company has been averaging a 10% cap rate on the 31 hotels it has acquired over the past 18 months.

REDMOND, WA-With Cingular committed to leasing the three-building 155,386-sf complex for the next decade, the Washington, DC-based office REIT CarrAmerica buys it for $35.6 million, a price it says will result in a first year GAPP return of 8.1%.

REDMOND, WA-With Cingular committed to leasing the three-building 155,386-sf complex for the next decade, the Washington, DC-based office REIT CarrAmerica buys it for $35.6 million, a price it says will result in a first year GAPP return of 8.1%.

PACIFICA, CA-Making its first West Coast acquisition, Peebles Atlantic Development Corp. plans to transform the former rock quarry here into a low-density mixed-use development with high-end residential and resort uses and an expected sellout of $1 billion.

PACIFICA, CA-Making its first West Coast acquisition, Peebles Atlantic Development Corp. plans to transform the former rock quarry here into a low-density mixed-use development with high-end residential and resort uses and an expected sellout of $1 billion.

HILLSBORO, OR-Locally based Majestic Realty sells a 45,000-sf LA Fitness building near Highway 26 and Cornelius Pass Road to California-based Excel Realty Holdings for $9.6 million.

HILLSBORO, OR-Locally based Majestic Realty sells a 45,000-sf LA Fitness building near Highway 26 and Cornelius Pass Road to California-based Excel Realty Holdings for $9.6 million.

PLAYA VISTA, MEXICO-Realty Opportunities International Mexico is in the infrastructure phase for a 3,000-acre destination resort community here. Called Sands of Gold Estates, the project is expected to cost between $400 million and $600 million and be built out over the next five to seven years.