ST. AUGUSTINE, FL-Florida East Coast Industries Inc., the largest commercial and industrial conglomerate in the state, lost $61.4 million in fiscal 2001 compared to a profit of $25.8 million in 2000. But the company's real estate division logged record revenue. Spec development is out for now.

MOUNTAIN VIEW-An apartment complex consisting of 60 class B units has sold for $9.5 million, a figure the brokerage firm Marcus & Millichap says was in excess of the list price.

SOUTH SAN FRANCISCO-Slough Estates has proposed a 783,000-sf biotech development that would bring its South San Francisco holdings to 2.7 million sf, including the fully leased Oyster Point research park.

SANTA ANA, CA-The firm will consolidate its San Fernando Valley and Orange County offices into the recently leased facility in Santa Ana. According to a recent report, the county's office vacancy rate is expected to increase above the current level of 14.4% in the near term.