ALISO VIEJO, CA-Four local real estate professionals, Erik Hansen, John Parker, Russ Parker and Lee Redmond, form Parker Hansen. The new firm plans to acquire and upgrade underperforming office and industrial properties in Southern California.

WASHINGTON, DC-The $150 million Class A building at 901 New York Ave. will finally get under way now that developer Boston Properties has signed law firm Finnegan Henderson Farabow Garrett & Dunner to a 250,000-sf lease of office space in the proposed 538,000-sf structure.

ATLANTA-The Chicago-based REIT paid M & J Wilkow Ltd., also of Chicago, $1.3 million for its equity interest in the 304,000-sf, 97%-leased Northlake Tower Festival Mall in suburban Tucker, GA.

LONDON-Specialist outlet mall operator Freeport is to inject four of its UK schemes into a new limited partnersip. And at the same time it is calling a rights issue to finance its expansion into mainland Europe.