PHOENIX-There is pent-up money and some portfolio trimming. Still, don't look for heavy trading because many owners are refinancing instead of selling in a down market. It will get better by 2004, say those in the know at the 2002 Lodging Conference.

BOSTON-Property & Portfolio Research LLC is acquired by DMG Information, a subsidiary of the Daily Mail and General Trust, an FTSE 100 London Stock Exchange company. PPR is a locally based commercial real estate research firm.

HOUSTON-Hines is partnering with Monthisa to build a 215,000-sf, seven-story office building near Madrid's downtown. Work gets under way in early 2003, with a late 2004 unveiling marked on the calendar.

ORLANDO-Groveland officials await a mid-October clash with environmentalists and local activists who oppose local growth plans. The municipality hopes to double the population and create more commercial, retail and residential space in the historically rustic area 25 miles west of Orlando.