MOODY'S PLACES RATINGS OF FEDERAL REALTY INVESTMENT TRUST (SENIOR DEBT AT Baa2) UNDER REVIEW FOR POSSIBLE DOWNGRADE Approximately $700 Million in Securities…

AUSTIN-New complexes, planned during the boom times, are delivering in the midst of the bust. Consequently, concessions are shaving rent 8.8% to 10.9% in some submarkets. Still, more new product is on the way.

DETROIT-A lower field, an open view and a merger with the next-door building all make Ford Field unique, says the architect of the $500-million, 1.8-million-sf Downtown stadium.

PHILADELPHIA-The Malvern, PA-based real estate company issues 10-year senior unsecured notes at 6.375% through its subsidiary, Liberty Property Limited Partnership. The notes are due in 2012 and are priced to yield 6.436% interest. They carry an S&P BBB rating.