LOS ANGELES, CA-By the end of 2002, the report goes on to say, stronger demand for office space, particular in entertainment and the aerospace/defense sectors, is expected to reduced the overall vacancy rate 12 %, well below the market's historic norms.

HOUSTON-In its annual forecast, Grubb & Ellis says Houston is ahead of many high-profile markets and will continue to hold its lead. Ongoing investors' interest, brisk land sales and moderate development keep prices stable and real estate fundamentals strong.

LONDON-The Crown Estate has consolidated its holdings in Windsor, Berkshire with the purchase of the 20,000-sf Chapel House from Hermes Property Asset Management to show an initial yield of 6.85%.

LOS ANGELES, CA-By the end of 2002, the report goes on to say, stronger demand for office space, particular in entertainment and the aerospace/defense sectors, is expected to reduced the overall vacancy rate 12 %, well below the market's historic norms.