DALLAS-American Realty Investors owns 79.3% of Transcontinental Realty versus the pre-offer level of 64.3% and 77.9% of Income Opportunity, up from 59.9%. The tender offer satisfies a shareholders' settlement. A $61-million merger is on hold, for now.

SOUTH FOX ISLAND, MI-No new development will be brought to 218 acres given by the state to an developer this island in Lake Michigan.

DENVER-A tremendous late winter storm has shut down Downtown as a workplace - almost no one is occupying office space there for now. There may even be some lasting impact on local economy.

WASHINGTON, DC-While other markets languish, the real estate industry in the Washington, DC region continues to bring in the big bucks, as evidenced by Phillips Realty Capital's closing of $600 million in debt and equity transactions in 2002. And the company says it is already on the path to achieve the same activity for 2003.