LOS ANGELES-Company controlled by Dr. David Lee pays $24.2 million for 308,000-sf Wilshire Serrano Building, pushing his local portfolio to about two dozens buildings worth estimated $300 million.

BOSTON-Local developer Frank McCourt makes one final presentation of his proposal to develop a ballpark for the Boston Red Sox on part of his 25-acre parcel on the South Boston waterfront.

BELLEVUE, WA-Schnitzer Northwest has named Catherine Munson investment manager for its Civica Office Commons complex Downtown. Munson formerly served as a vice president with Norris, Beggs & Simpson.

LONDON-The Central London office market proved resilient in the face of the global slowdown over the first half of 2001 according to Insignia Richard Ellis. But the broker says market prospects are more uncertain after 11 September.