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LONDON-A second listed estate agent has issued a profit warning, underlining fears that the downturn in the commercial property sector will lead to job losses at the large agencies.

MINNEAPOLIS-The restaurant chain recently landed a $20-million to $25-million credit

ATLANTA-Ruddick Corp., the Charlotte-based parent of the grocery chain, is also selling 12 other unprofitable locations in South Carolina. A buyer for those properties and the selling prices haven't been announced. Total square footage involved: 1.62 million.

ORLANDO-Although the Dallas-Fort Worth-Houston market has only experienced a half dozen movie house closings in the past 18 months, entrepreneurs in that area are recycling the structures into dinner theaters, furniture outlets and bookstores.

WASHINGTON, DC-Meristar Hospitality Corp. has extended its solicitation of consents from holders of its some of its senior notes, following the closure of its merger with FelCor Lodging Trust.

NEWPORT BEACH, CA-Morgan Skenderian Investment Real Estate Group's Newport Beach office has brokered the sale of the two multifamily complexes in Whittier containing a combined 30 units. The sellers were Oregon-based investors.

NEW YORK CITY-Brad Mendelson, executive managing director at Insignia/ESG, tells GlobeSt.com there are a number of obstacles to successfully transforming vacant movie theater properties into other retail-use spaces.

NEW YORK CITY-The fund will invest in undervalued properties in metropolitan areas and then redevelop them. It expects to leverage its funding into $3 billion worth of real estate.