CHICAGO-Germany's Fourth Financial Market Promotion Act will mean $300 million to $500 million in new investments by open-ended funds in major US markets, predicts Jones Lang LaSalle.

LONDON-Land Securities has sold the landmark London Hilton hotel on Park Lane to a new joint venture company with London & Regional Properties, raising Pounds 157 million ($240 million).

BEVERLY, MA-Two developers propose two separate senior housing projects that, if approved, would bring 162 units to the area. One project includes 92 units on a 20-acre parcel while the other project has 72 units spread across a 45-acre parcel.

LONDON-The EDI Group has started construction on the speculative first phase of pentad, its West Edinburgh office campus.