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IRVINE, CA-The 171,979-sf mixed-use Palm Court development is now under the ownership of Connecticut General Life Insurance. Financial terms of the acquisition were not disclosed officially, but brokers in the area say the transaction is worth about $35 million.

SAN JOSE-The 21-story, 336,000-sf structure, to be located at 8 East San Fernando, will be the tallest building in the city. Skidmore, Owings & Merrill is the architect for the project.

LONDON-Far from deterring businesses from locating in London, Mayor Ken Livingstone's proposed congestion charging might benefit the commercial property sector, a new report from Healey & Baker finds.

ORANGE COUNTY, CA-Schwinn/GT announces plans to relocate to Fontana after signing five-year lease worth $6 million for 323,660 sf of distribution space. Bicycle maker will leave its longtime Santa Ana home next month, taking hundreds of jobs with it.

CHICAGO-The city wins a three-way sweepstakes for Boeing Corp.'s headquarters and 500 executive jobs it brings from Seattle beginning Sept. 4. Geography and incentives play a part in decision-making.

SAN FRANCISCO-After experiencing increases in asking rates of between 45% and 80% last year, Cushman & Wakefield predicts that rents in the San Francisco and Silicon Valley markets will have dropped between 13% and 18% by the end of 2001.

SAN FRANCISCO-After experiencing increases in asking rates of between 45% and 80% last year, Cushman & Wakefield predicts that rents in the San Francisco and Silicon Valley markets will have dropped between 13% and 18% by the end of 2001.

RICHMOND, VA-Crocker Realty Trust sold the buildings for $21.2 million. Cushman & Wakefield represented Crocker in the sale, part of 6.2 million sf it has assisted the company in selling across the country.