Globest Sectors

Twelve investors brought bids to the table, but a Chicago investment firm's ability to close the deal wins it title to the Alexan at Frank Lloyd Wright. The 200-unit townhouse property sells for $23 million in cash.

DENVER-Even though the corridor is seeing the most activity since April 2001, lease rates continue to fall and concessions continue to rise according to the latest report by CB Richard Ellis.

MINNEAPOLIS-Apogee will now focus on its commercial real estate construction business, for which it is a major supplier of walls and windows. Harmon has about 400 stores around the country.

RANCHO BERNARDO, CA-Sunroad Centrum picks up the 71,255-sf property from R.B. Phoenix Associates LLC as part of a 1031 Exchange transaction. The three-story complex is located at 11770 Bernardo Plaza Ct. in San Diego.

HOUSTON-General Stevedores, a steel and iron distributor located in a 40,000-sf leased building in east Houston has taken over the lease for the 24,000-sf building next door.

KIRKLAND, WA-A separate account client of Morristown, NJ-based SSR Realty's Multi-Housing business unit acquires the 161-unit property from an affiliate of SECO Development Inc. The sale price was $31 million.

PARSIPPANY, NJ-The company's Global Pharmaceutical Group is using the top three floors at SJP Properties' Morris Corporate Center IV as a regional sales office. GVA Williams put the deal together for the tenant.

NORTH ANDOVER, MA-Developer Ross Hamlin wants to build an 80,000-sf retail center on a 13.5-acre parcel on Route 114. The town has voted to allow the site to be rezoned and the planning board just needs to give its blessing.