DENVER-It could easily take four or five years for the submarket to recover from an overall vacancy rate of 54%, says Chris Phenicie, a broker with Commercial Colorado. Class B space has a 77% vacancy rate.

BONITA SPRINGS, FL-Jerry Starkey, president of WCI Communities Inc., sees customer traffic gradually returning to the multifamily, condo and single-family markets after a noticeable slowdown following the Sept. 11 terrorist attacks on New York and Washington, DC. Bonita Springs is 180 miles northwest of Downtown Miami.

LONDON-The UK shopping centre sector saw a surge in investment activity at the end of 2001. The final quarter saw more money invested in UK malls than during the second and third quarters combined, according to DTZ.

SAN DIEGO-A private investor has acquired a nearly 50,000-sf office building in one of the hottest office submarkets in San Diego County.