HOLLYWOOD, CA-Sources close to the deal say that CIM, backed by pension fund money, is in due diligence now for the massive mixed-use entertainment complex. Shedding the beleaguered asset will allow Trizec to "Get on with their life as an office REIT.

NEW YORK CITY-A different take on the jobless recovery was laid out last night as NAI unveiled its 2004 Global Market Report.

NEW YORK CITY-The investment and development firm is not only looking for "get-your-hands-dirty" redevelopment deals around town, but now it's also asset managing North American investments for a German open-ended fund.

NEW YORK CITY-In 2003 Wells Real Estate Funds vowed to make a splash in the Manhattan market. They're doing it, apparently. The firm's REIT Fund I closed on the one-million-sf asset on New Year's Eve--its first Manhattan buy.

ATLANTA-Some insiders say that the class A office asset wasn't sufficiently marketed and that, as a result, there was "money left on the table." Not true, say the sellers, who closed yesterday on what is being billed as one of the highest-priced transactions in recent local history.

WHITE PLAINS, NY-After months of speculation, the chain, which boasts 135 luxury hotels in 56 countries, will be freed of recent troubles when Lehman and locally based Starwood take it over.

NEW YORK CITY-The window of opportunity for TIs and free rents is slowly closing, according to the folks of Grubb & Ellis. All boats will rise in '04, but not equally, it seems.

NEW YORK CITY-Cresa Partners has solidified its tri-state New York presence by signing locally based FSI as its local-area property management guru. The deal is expected to increase New York-area revenues by at least 10%.