FORT WORTH-Crescent Real Estate Equities and an operating company sign a take-back plan for real estate assets. The REIT will pay $14 million instead of the announced $18 million, to cover bankruptcy costs. Now, shareholders and the court get to decide if it's a go.

BURBANK, CA- Modern Videofilm extended its lease of 42,000 sf at 4411 Olive Ave. in Burbank for five years. The property owner is Shamrock Holdings of California.

DETROIT-A rocky economy boosts the amount of empty space in most Southeast Michigan submarkets, Paragon Corporate Realty Services' Matthew Fenster says, but overbuilding has not occurred in this downturn.

MIAMI-The locally based telecommunications management and real estate company lost $33.9 million in the first nine months of 2001 compared to a loss of $32.2 million in the same 2000 period. Third-quarter Data Center revenue is up 72% to $700,000 from $400,000 in the same 2000 period.