HOUSTON-Octagon 2000 LLC of Dallas snags a 6.85% interest rate for a $48.2-million refinancing of seven multifamily properties in Houston and Fort Worth. New York City-based Metropolitan Funding Corp. is the lender.

CANNES-Organisers expect up to 16,000 property professionals from all over the world to converge on the French Riviera this week. In the the sunny Mediterranean weather, they are brightening up, as three new reports reveal that European property is not as badly-off as everyone thought

HERNDON, VA-The 201,000, four-story building known as Presidents Park I will not be home to the World Bank's backup location after all, but the building's high-tech infrastructure is suddenly attracting a list of interested tenants.

SCHAUMBURG, IL-Itasca, IL-based Hamilton Partners buys the four-story building a mile from Woodfield Mall, offered at $10.7 million, which would be $75 per sf less than Wells Real Estate Investment's acquisition of nearby Windy Point I & II.