November 10, 2003

WALTHAM, MA-In a deal that is one of the largest headquarters relocation on Route 128 this year, BMC Software leases 51,000 sf at 400-2 Totten Pond. The high tech company is relocating 230 employees to this site.

CHICAGO-Private investors and condominium converters continue driving down capitalization rates involving large multifamily rental properties in the Downtown area and surrounding neighborhoods. Their appetite for product could push sales past the $300 million mark this year, says Appraisal Research Counselors VP John Jaeger.

ORLANDO-The locally based, 18-year-old retail and office REIT, headed by president and chief operating officer Gary M. Ralston, reports third-quarter funds from operations of $17 million, or 37 cents a share, compared to $14.5 million, or 36 cents per share, in the comparable 2002 period.