GERMANTOWN, TN-The locally headquartered hotel REIT pays $42.6 million for 407 rooms in four hotels in the Florida cities of Sarasota, Fort Myers and Orlando.

BIRMINGHAM, AL-The locally headquartered company set the terms for its $145-million offering Friday, a couple of days after announcing a $64-million development deal in Texas and an $11.5-million hospital acquisition in Louisiana.

BIRMINGHAM, AL-The locally headquartered company set the terms for its $145-million offering Friday, a couple of days after announcing a $64-million development deal in Texas and an $11.5-million hospital acquisition in Louisiana.

NASHVILLE-With construction for its future home under way, the current home of SunTrust Bank changes hands for under $60 per sf. The new owner now has 2.5 years to backfill the bank's 120,000 sf while holding onto the other tenants in the 250,000-sf Downtown office building.

PORTLAND-Thomas Lawwill, most recently vice president and director of sales and leasing for the locally based brokerage Norris & Stevens, will run the local office of Colliers International, which recently became a full-service operation by adding a property management division.

SAN FRANCISCO-Eric Higgs, the founding chief information officer of Citysearch.com and now a professional sculptor, turns a $400,000 investment into $2.09 million this month thanks to the obsession of a 54-year-old mortgage broker.

SAN FRANCISCO-Eric Higgs, the founding chief information officer of Citysearch.com and now a professional sculptor, turns a $400,000 investment into $2.09 million this month thanks to the obsession of a 54-year-old mortgage broker.

FORNEBU, NORWAY-The real estate division of Telenor, Norway's largest telecommunications group, sells a 5.7-acre site to Aker for $22.98 million (150 million Kronor). Aker, an industrial powerhouse in Norway based in nearby Olso, will use the site to build a new joint headquarters for its companies.