LOS ANGELES-A former halfway house that was turned into 13 apartments has found a new owner in an Ontario, CA investor who beat out several other bidders with his $2.7 million offer. The property's high rent and cap rate were significant factors in his decision to buy.

BOSTON-Speakers at the 2003 National Office and Industrial Properties Annual Conference held here emphasize that the nation's real estate market is poised for recovery, however they warned developers need to proceed cautiously.

PALM BEACH COUNTY, FL-The negative absorption of 60,427 sf in the third quarter was a big improvement compared with the negative 175,131 sf in the second quarter, according to a new Cushman & Wakefield report. Additionally, the county experienced a decline in office vacancy by 50 basis points to 15.4% in the third quarter, according to a new report by Grubb & Ellis.