LAGUNA BEACH, CA-A master-planned resort and residential project still under construction fetches the highest price per room this year for a hotel in the United States, according to local hospitality experts. When completed, the project will include a 260-room hotel, 14 residential estate lots and 14 residential condominiums.

SUNRISE, FL-New Jersey's Victory Investment Group buys the 178,800 sf, 9.6-acre former headquarters and distribution center in Broward County's Sawgrass International Corporate Park for $39 per sf.

ATLANTA-New York-based Prometheus Southeast Retail Trust, in a joint venture with New Hyde Park, NY-based Kimco Realty Corp., plans to take over the Raleigh, NC-based REIT. Prometheus bought a 66%-stake in Konover for $200 million in 1999.

LONDON-One of the hottest industrial rents ever achieved in south-west London underlines the shortage of new development in the area as a Swedish electronics company takes a 33,000-sf unit beside the M3 in Sunbury.