LONDON-International jeweler Tiffany & Co has bought the freehold of its Bond Street flagship store from clients of StratReal for Pounds 27.4 million ($43 million). The deal underlines the escalation in Bond Street values over recent years.

PHOENIX-In November, Sun State Builders kicks off work on the 90,000-sf project in the Rio Salado River Park development. The tenant, signing a seven-year lease, is planning to occupy the distribution site in May 2003.

SAN JOSE-The historic Crescent Jewelers buildings, located in the heart of Downtown San Jose, may be purchased by the city of San Jose if a redevelopment agency's proposal is approved by the city council.

ORLANDO-The Bonita Springs, FL-based multifamily and single-family developer sold the tract to Contract One and W.J. Keel Holdings of Plant City, FL for $1 million or $87,032 per acre ($2 per sf).