LONDON-Institutional investors commit euro 120 million in the first closing on the Houston-based real estate developer's new Pan-European Core Fund.

DALLAS-The developer of the $23-million Pine Creek Medical Center starts rolling out the second phase, a 35,000-sf, two-story office building. With 60% of the space preleased, the plan is to deliver the building in September.

PARSIPPANY, NJ-In two separate assignments, the firm will manage 379 Interpace Parkway here for LCPT, and a building in Somerset County recently acquired by Wells REIT.

CHICAGO-New York State Teachers Retirement System, advised by JPMorgan Chase as well as Houston-based Hines, sells the 897,000-sf building it acquired for $133.3 million in 2001. With 333 W. Wacker Dr., Hines REIT closes on purchases totaling $470 million in April.