LONDON-Although the London stock market has bounced back strongly during 2003, property is still outperforming equities on a year-on-year basis, according to Jones Lang LaSalle. But only just. Property performance is slowing.

SAN DIEGO-The locally based shopping center REIT announces strong financial results for this year's second quarter, with total revenue increasing 41.1% and net income jumping 66% from the same period in 2002.

SUGAR LAND, TX-The tenants make long-term commitments to a 150,578-sf office building at 12808 W. Airport Dr. National Closing Solutions gets comfortable in 14,364 sf and Avnet unpacks in 13,416 sf.

WOBURN, MA-National Development purchases 225-235 Presidential Way from Level 3 Communications in a joint venture with Angelo, Gordon & Co. of New York. The two buildings total 437,898 sf and were formerly owned by Genuity which went bankrupt.