LONDON-The Ministry of Defence has sold a 126-acre development site beside the new Channel Tunnel Rail Link in Ashford, Kent, to Westbury and Wimpey Homes. Ashford is one of four areas in south-east England earmarked by Deputy Prime Minister John Prescott for a massive surge in housing development.

BOSTON-The Institute for Contemporary Art Boston unveils its plans for a 62,000-sf museum to be located on a three-quarter-acre parcel at the Fan Pier in South Boston's waterfront. The museum will serve as the 2.9-million sf Fan Pier project's "cultural cornerstone.

AUSTIN-Dana Credit Corp., in an ongoing disposition, gets the check for all subsidiaries and assets of its Austin-based real estate group, a high-rolling equity investment group.

NEW YORK CITY-In the aftermath of the September 11 terrorist attack, the real estate industry surveys the damage and talks about rebuilding. Most respondents predict only short-term downside in the valuation of high-rise CBD office space.