SAN FRANCISCO-Several refurbished buildings are set to come back online this summer the heart of San Francisco's downtown business district. One of them, on Taylor Street, has been fully leased to ABM Industries. The others are actively marketing their space.

RAHWAY, NJ-Denholtz Associates, based here, has paid approximately $186 million for a national office and flex/industrial portfolio from Chicago-based Banyan Strategic Realty Trust. Cohen Financial advised Banyan; Arthur Andersen LLP advised Denholtz.

JACKSONVILLE, FL-Florida's largest landowner and developer posted first-quarter net income of $11 million or 13 cents per diluted share on revenue of $140.1 million, down from a net of $18.8 million or 22 cents per diluted share on sales of $211 million in last year's first quarter.

CHICAGO-The building local exchange carriers industry will generate nearly $1 billion in revenues by 2004 according to a report by communications industry research firm New Paradigm Resources Group, Inc.