TORRANCE, CA-Mar Canyon Gersten LLC pays $9.5 million for the 235,000-sf industrial project and plans to convert it to class A space. The deal is another sign that the market is rebounding from a sluggish third quarter.

LONDON-Today sees the start of a six-week public inquiry into Heron's proposal for a 600-ft tower in Bishopsgate, on the eastern fringe of the City. If Heron succeeds, observers expect a rush of new high-rise schemes in the capital and elsewhere.

DALLAS-Corporate chiefs need to decentralize brain trusts despite consolidation pressures, says a Deloitte & Touche Fantus partner. IDRC participants get a sneak preview of a 2001 global expansion survey, now being updated due to the attacks.

LAKEWOOD, NJ-The funding will be used for infrastructure improvements as site work is underway at what will ultimately be a 1.5 million-sf, 240-acre mixed-use business park.