SANTA FE SPRINGS, CA-The Shoemaker Business Park was sold by Roll Properties to First Industrial Realty Trust. It was 95% occupied at the time of sale, which had a capitalization rate of around 9.5%.

IRVING, TX-The long-time tenant goes from a sublease role to direct leaseholder at the Gateway West office building in the Las Colinas-Irving market. The renegotiations close a five-year lease with "flexibility.

LONDON-Major sporting events fuel an uplift of more than 20-pc in hotel revenues, according to Jones Lang LaSalle Hotels. As host of the 2003 Rugby World Cup, Australia is about to see a room-rate boom

ROCHESTER HILLS, MI-Wilshore Development Group of Clarkston, MI plans to convert the 214-unit Village Park of Rochester Hills to the Whispering Woods Condominiums. One- and two-bedroom units range from 780 sf to 954 sf.