ATLANTA-The Georgia Properties Commission allowed two options to pass without purchasing the 1,500-acre tract in Morgan County from Jefferson Lamar Banks for an estimated $13 million, area industrial real estate brokers familiar with the deal tell GlobeSt.com.

DENVER-For only the fourth time this year, metro-area hotel occupancy rates bested the same month in 2002. Meanwhile, the average room rate in October was $89.41, the highest average monthly room rate for the entire year.

LONDON-The UK housing market is entering a low growth phase that could last several years according to new research from FPDSavills. Mainstream house prices are expected to rise by 4% in 2004 and by just 10% in the next three years.

GARDEN GROVE, CA-The Royce Co. buys a 65,053-sf property from Newport Federal for $5.8 million, one of two office sales here and in Irvine totaling $8.3 million.