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LOS ANGELES-Investment giant Lend Lease buys 124,000-sf office complex, marking one of the San Gabriel Valley's largest sales of the year.

PHOENIX-Regency Centers, a shopping center REIT, is positioning itself for a major expanded presence in Arizona and Colorado. In Arizona, there are six grocery-anchored retail centers in the works and two more on the drawing boards.

LONDON-San Francisco has the world's most expensive industrial space, and London the most expensive office space, according to the new global rents survey from King Sturge.

ORLANDO-The annual $110 million a year generated by the 5% tax-per-dollar on hotel rooms is down for March, April and May and could be down for June as well, brokers following Orlando's lodging industry tell GlobeSt.com.

VANCOUVER, WA-New estimates from the state Office of Financial Management show Clark County, just across the Columbia River from Portland, has lost its title as the fastest-growing county in the state in percentage terms.

MOUNT PLEASANT, NY-Due in part to a recognition of changing demand in the commercial office market, the owner of the former IBM Latin American headquarters here is repositioning the property in order to attract small to medium-sized tenants.

LONDON-A new survey from King Sturge finds UK retailers surprisingly optimistic about their trading prospects, but it reveals some strong differences of opinion between town centre and out of town retailers.

SAN FRANCISCO-At first closing, Institutional Alliance Fund II owned five properties consisting of 17 buildings, acquired by AMB on behalf of the Fund for $111 million between October of 2000 and May of 2001. Total equity committed by investors and AMB is $200 million.