BOSTON-Standard Life Investments establishes its first physical presence in the US by leasing space here at One Beacon St. on Beacon Hill. The company, a division of Standard Life Group, one of Europe's largest mutual financial services companies, is leasing a 10,845-sf office.

FORT WORTH-Crescent changes the way it will get back real estate assets from its "paper-clipped" operating company. Now, bankruptcy or foreclosure will be the method of choice. Crescent's one-time charge triggers a negative watch from Moody's.

ATLANTA-The properties are the inherited portion of the bank's merger last year with First Union National Bank. Thirty-seven of the properties are in Florida,; 11 in North Carolina; and five in Georgia.

PHOENIX-Famous Footwear targets a September opening at the Peoria Crossings power center while National Bank of Arizona plots an April 1 launch of its first branch in Casa Grande. Two more leases shore up relocations for Phoenix businesses.