LONDON-Shaftesbury has sold its investments on London's Southbank near the National Theatre for pounds 16 million ($24.9 million).

CHICAGO-Gross operating profits of Downtown hotels will drop by 5% in the first year of a new agreement with Hotel Employers and Restaurant Employers International Union Locals 1 and 450, predicts Scott K. Steilen, principal and managing director of Warnick & Co.

SAN FRANCISCO-San Francisco's apartment market is alive and well, as evidenced by the recent sale of two buildings in separate transactions valued at $9 million and $8.9 million respectively. More investors are focusing on the residential market here, as the office market remains slow.

COLORADO SPRINGS, CO-The submarket sees seven deals in the first half of 2002 compared to nine a year earlier, but the dollar volume of $40 million far outpaces the 2001 numbers, according to a CB Richard Ellis report.