HOUSTON-John Eagle Honda is trading in his current location for a 60,000-sf, corporate-design prototype that will rise on 10 1/2 acres in the city's northwest submarket. Ground will break in August, with delivery set for April 2003.

DALY CITY, CA-A European property group has taken a significant step in increasing its US presence with the purchase of Serramonte Shopping Center, an 850,000-sf, single level retail mall anchored by Macy's, Target and Mervyn's.

AUSTIN-It's finally a done deal between the city and Austin Revitalization Authority. Term changes snag an OK from council for a 10-year, $8-million lease for 22,000 sf. Construction starts in the summer.

ATLANTA-The locally based apartment REIT posted funds from operations of $33.7 million, excluding a $17.5 million severance and impairment charge. That compares to FFO of $41.7 million for fourth quarter 2000, excluding a $9.4 million charge.