IRVINE, CA-The Newport Beach developer buys the nine-building Alton Business Center for conversion into 24 condominiums. The "for sale" units, ranging from 3,780 sf to 10,240 sf, will be offered to existing tenants before going on the market.

PHOENIX-A Phoenix investor bests seven others vying for the deed to the 220-unit Paradise Falls along North 32nd Street. The heated bidding was tied to the debt-free status of the mid-1980s development.

LONDON-Weeks of speculation about Chancellor Gordon Brown's intentions will come to an end when he begins his budget speech at 12.30 today, but there are genuine fears in the property sector about changes to the Stamp Duty system.

NEW YORK CITY-At today's conference, keynoter Leo Wells inspires the packed room to overcome fear while at least one lender admits that maybe--given conditions--a bit of fear is a good thing.