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LOS ANGELES-Adler Realty Investments pays a private partnership $1.7 million for small San Fernando Valley parcel and plans to replace 20 aging cottages on the land with a 67-unit apartment complex.

HOUSTON-The results of an Arthur Andersen survey, taken at a recent Houston seminar, show only 7% of the companies are wheeling and dealing online. Andersen has hired CA-based diCarta to develop its first Web-based contract management solution.

TROY, MI-The council is offering $1 million for a former condominium parcel, and will condemn the land if necessary. Matthew's Farms LLC's plans for 100 condominiums have failed to materialize after a year.

SAN DIEGO-Shareholders will vote Aug. 9 on the merger of Excel Legacy Corp. and Price Enterprises Inc. Meanwhile, the companies announce a $100 million investment by Warburg Pincus in the combined operation.

SAN ANTONIO-The Walsh, Anderson, Brown, Schulze & Aldridge firm is moving into an 8,655-sf spot in the premier 298,2890-sf One International Centre. The specialty law firm also has offices in Austin and Irving, TX.

ALBANY-Approximately 150 Realtors from across New York State lobbied state lawmakers today (Tuesday, June 5) for enactment of a host of real estate bills, including a proposal that would protect broker commissions in commercial sales transactions.

PORTLAND, OR-From overview analysis by national experts to local takes by regional executives, debt is plentiful for apartments and multitenant industrial parks, but harder to come by for riskier retail and office product.

LONDON-The German open-ended fund SEB ImmoInvest has completed its withdrawal from the UK property market with the sale of its last remaining asset.