ATLANTA-The global pension fund is expected to pick a broker by June 1 to sell its 50% interest in the trophy Three Ravinia Drive building and office properties in Washington, D.C., Cincinnati and other markets. The local office of New York-based Eastdil Realty is on the short list of final candidates.

LONDON-British Land's eagerly expected securitisation has focused attention on the asset-backed securities market in London, which is in the middle of an unprecedented boom.

LOS ANGELES-American Realty Advisors pays $31.5 million for Principal Capital

FORT LAUDERDALE, FL-The six-year-old lodging chain, founded by entrepreneurs H. Wayne Huizenga and George D. Johnson Jr., is moving to Spartanburg, SC over the next six months where Johnson and his brother own a real estate development company. Fort Lauderdale is 26 miles north of Miami.