CARLSBAD, CA-Gale & Wentworth California begins construction of the 150,000-sf second phase of the Carlsbad Corporate Center, located adjacent to the 560-acre Carlsbad Research Center. Completion is planned for July.

MORRISTOWN, NJ-The Florham Park, NJ-based real estate organization paid in excess of $2.7 million from Shelmar Holdings. The building is located at 181 South St., on the corner of South and James Streets.

HOUSTON-A dissident stockholders group of Houston-based UIRT has sought an outside opinion as to the merits of its dispute with the controlling faction. The consultant upholds arguments that change must come to restore stock value.

LONDON-Land Securities, Britain's biggest property company, unveiled a flat set of results for the year to 31 March 2001 with pre-tax profits down and NAV only slightly up.