DALLAS-The highly publicized buyout closes yesterday as Lend Lease rushes to beat the June 30 end to the 2003 fiscal year. Holliday Fenoglio Fowler, trading for its book value, is the fourth business unit to go this year in Lend Lease's US retreat.

AUSTIN, TX-This will be the first time in the 28-year-old Bank of America Center's existence that it has been overseen by a company other than Hines. Also redoing the building's lobby and public corridors, Hines has chosen Susman, Tisdale and Gayle, to oversee the design of the Class A office complex.

KNOXVILLE, TN-A Virginia holdings firm has relinquished Two Centre Square and a nearby parking

NEW YORK CITY-Morgan Stanley will add $13 billion in property assets to its portfolio with the acquisition of most of Lend Lease Corp.'s US real estate investment groups. Last month, the Sydney-based Lend Lease announced it would be exiting the US arena over time.