NEW YORK CITY-Industry experts tell GlobeSt.com that site developer Larry Silverstein stands in a strong position to undercut the Downtown market, unless federal subsidies continue to hold the discrepancy between rents he can charge and what others must ask in abeyance.

LONDON-In a rare open-market sale of a food store investment, the Corporation of London has sold its long leasehold interest in a Sainsbury's store at Bramingham Park, Luton for Pounds 22.85 million ($33 million).

LONDON-Electronics entrepreneur Alan Sugar has bought a second property on Bond Street, London's up-market retail destination, paying Pounds 3.825 million ($5.5 million) for 10/10A New Bond Street.

RENTON, WA-Pacific Northwest Group A sells Renton industrial portfolio, which includes the Northwest Corporate Park and the Earlington Building for $46M. The portfolio totals 1.18 million sf of warehouse, distribution and manufacturing space.