LONDON-A combination of cheap money and a relatively strong economy makes London the most expensive city to live in Europe. Knight Frank publishes its world survey of home ownership.

PHOENIX-Overall vacancy in metro Phoenix spiked to 9.84% at the close of 2001, up from 7.38% a year earlier. What will 2002 bring? Another 2% increase, says a leading executive. The good news is that all submarkets escaped negative absorption.

AUSTIN-Four of the newest Johnny Carino's restaurants set sales records, but the Austin-based chain is keeping mum about how much volume was turned. The accolades go to Oklahoma City, Albuquerque, Bozeman, MT and Athens, GA.

OAKLAND, CA-Several new leases were signed at Lake Merritt Plaza during the fourth quarter of 2001, bringing the 460,000-sf, 27-story building to 97% occupancy.