CORAL GABLES, FL-The Houston-based investor/developer paid an estimated $20 million for the 100,000-SF First Union National Bank building and two smaller structures on a 3.2-acre site near this affluent city's Miracle Mile shopping corridor, just south of Downtown Miami.

HOUSTON-Hines' European subsidiary is the proud owner of 4.3 acres near Heathrow Airport in London. The two parcels are on the drawing boards for an aggregate 102,000 sf of industrial development.

HOUSTON-A $79-million hospital and medical office project gets unveiled Saturday by Methodist Health Care System. The owner has five more sites in the region that are ticketed for health-care facilities.

BRIDGEWATER, NJ-The Garden State's economy welcomes yet another major transaction by the global pharmaceutical community. German-based Aventis, the result of Hoechst/Rhone-Poulenc merger, solidifies North American operations.