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COLUMBUS, OH-The retail REIT has sold $22 million this year after selling three single-tenant properties in Ohio and New York for $9 million, realizing a net gain of about $1.12 million.

LONDON-The Portfolio Property Fund has bought 52/54 Southwark Street, London SE1 from the Milton Group to show an equivalent yield of 8.65%. The fund has now bought 11 properties, and also invests in property company shares.

GARLAND, TX-Chicago-based First Industrial Realty Trust is off and running on a $30-million, 944,000-sf spec project on the last large developable tract in Garland's northeast submarket. And, says the regional VP, a large user pact is close to a signing.

NEW YORK CITY-When asked what the real estate market will look like in the third quarter this year, James Emden, an executive managing director with Insignia/ESG, says to expect more of the same.

DALLAS-Houston and Dallas office leasing looks better than Austin. It's not a great year, say brokers, but it's stabilized somewhat from the downturn in the first quarter. Houston is the state's most energized market thus far in the 2001 space race.

MONTVALE, NJ-Florida-based owner moves the 190-room hostelry, located in the heart of one of the state's premier business communities, in a transaction brokered by Borrus Associates. The purchase price and terms were not disclosed.

ORLANDO-The area ranks seventh in the nation on building permits pulled for multifamily and single-family dwellings, down from second place two years ago, a new University of Central Florida study shows.

PALM BEACH GARDENS, FL-The locally based commercial developer and general contractor hires a new marketing director, human resource director and project manager.