LONDON-Ashquay is shrugging off uncertainty about the service office sector to buy Stonemartin Corporate Centres which plans to set up a chain of serviced offices across the UK under the Institute of Directors brand.

FORT LAUDERDALE, FL-The locally based developer-operator of aviation facilities secures a $12-million mortgage on leases at Fort Lauderdale-Hollywood International Airport in a move to buy out some of the company's private shareholders.

SEATTLE-R.C. Hedreen Co. is obtaining the necessary approvals for a 32-story office and residential tower, but Hyatt Hotels now also is interested in the site for a 200-room, five-Park Hyatt.

LONDON-Top rents in the prime Mayfair and St James's districts fell over the first four months of 2001, according to Cluttons. But in the longer term the scarcity of class A space should sustain prime rental values.