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FREEHOLD, NJ-The money will be used to develop the fourth office building within the Monmouth Executive Center, a 66,800-sf facility that increases the asset to 175,000 sf.

WALNUT CREEK, CA-Overall office vacancy rates for the North I-680 corridor stand at 5.8%, up from 4.1% at the end of 2000. It could have been worse--if there had been more reliance on the tech-sector.

CHICAGO-Jackson, MS-based Parkway Properties, Inc. agrees to buy 233 N. Michigan Ave. for $173.5 million, the highest price paid for a Downtown office building in 2001. March First holds 13% of the space.

ORLANDO-Robert W. Miller, senior vice president, CB Richard Ellis Inc., Orlando, says deals are being done faster using the Internet but they are not closing in cyberspace. Michael Heidrich, a vice president at Realvest Partners Inc., flatly rules out Web deals.

TUCSON-Office development is definitely on the upswing in Tucson, but it's not the garden-variety of years past. Campus designs of five to 15 buildings are the hot looks, with nearly 600,000 sf in the works.

BOCA RATON, FL-Moody's Investors Services says its rating on locally based SBA Telecommunications Inc. reflects the company's modest capital structure and the significant tangible asset coverage available to the lenders.

MIAMI-The locally based Spanish-language radio broadcaster is issuing new senior subordinated debt, payable at 9 5/8%, to help finance an aggressive acquisition strategy.

DENTON, TX-Years of waiting draw to a close as a Virginia-based developer kicks off an 80,000-sf build-to-suit project for a FEMA Processing Center. The 11 1/2-acre development upon completion in April 2002 brings a consolidation of two Denton sites.