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.

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.

LOS ANGELES-The university's Anderson School of Business, whose reports have been accurate in the past, pegs chances of a full-blown recession at 80% over the next few quarters.