LONDON-Development Securities and Wrenbridge Land have unveiled plans for a new 320,000-sf new R&D phase of development at their Cambourne Business Park near Cambridge.

PHILADELPHIA-The Malvern, PA-based company's president and CFO sees "no signs of improvement" in third quarter. Citing continuing consolidations and downsizing, he says, "We expect to be in an intense battle for every piece of business through next year.

AUSTIN-Legerity will keep its Hong Kong office, but shift its Asian headquarters to Shanghai, China. The company says the headquarters change saves money. In Austin, Legerity is a 100,000-sf tenant in the southeast submarket.

DENVER-ProLogis, the world's largest industrial REIT, reports third-quarter net earnings of $25.2 million, or 14 cents per share, compared with the success it had in third quarter 2001 with $48.9 million, or 28 cents per share.