LONDON-David Pearl's Structadene has bought the freehold of Grosvenor Gardens House, London SW1 from clients of Clerical Medical. The multi-let property attracted strong interest especially from property companies.

PHILADELPHIA-A comparison of Pennsylvania business taxes in relation to those of other states, conducted by Harrisburg, PA-based Keystone Research Center, disputes business-sponsored studies aimed at reducing state business taxes. KRC recommends holding off a planned phase-out of $1 billion in business taxes.

SAN DIEGO-With the unlikely combination of favorable new legislation, a housing crisis and a thriving Downtown residential scene, condo construction is thriving Downtown, with some 8,400 units in the pipeline.

BOSTON-The Nine Zero hotel opens in the heart of downtown at 90 Tremont St. The property will be managed by Destination Hotels & Resorts. It is the fourth hotel project owned and developed by Boston-based Intercontinental Real Estate Corp.