CHATSWORTH, CA-The investment group Sares Regis Group, with investment partner City Group has purchased the Waterstone Apartments, a 348-unit apartment complex here, according to Grubb & Ellis Company. The transaction is valued at $30.75 million.

ORLANDO-Area brokers, developers and constructors tell GlobeSt.com they expect tenants who need to be Downtown to remain there, even with the growth of new telecommunications tools.

DALLAS-The metroplex's industrial product continues its high-demand hold on recent transactions, with properties closing in Dallas and Grand Prairie. In Plano, a long-term retail lease brings another construction start for Staples.

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.