LOS ANGELES-The apartment market shines, but office, industrial and hotel properties also are sound, says CB Richard Ellis Investors' newest report. "Bright," "fundamentally sound" and "healthiest" are used to describe the marketplace.

GARDEN CITY, NY-Bristol-Myers Squibb doesn't need the 180,000-sf manufacturing facility it picked up here two years ago. Now it's looking for a like-kind buyer to make the most of the plant's high-tech installation.

MIAMI-Jason Howe was hired as development manager, and Douette Pryce joins the company as assistant development manager. The hires reflect continued growth in the Fort Lauderdale company's real estate development.

LONDON-Institutional investors moved out of property in a big way in the final quarter of 2002, according to new government statistics, with the highest level of disinvestment by insurance companies and pension funds since records began 20 years ago.