WHITE PLAINS-FMB reports that office vacancy rates in Westchester and Fairfield counties inched up slightly in the first quarter of this year, not as badly as reports of a slowdown might have led one to expect.

CHICAGO- Denholtz Management Corp. gets another 10 days to complete its due diligence in its deal to buy up to $224 million of Banyan Strategic Realty Trust's assets. They lose $250,000 if they back out by April 9.

IRVING, TX-Felcor Lodging Trust has taken on a joint venture partner in a first-time teaming with a Pittsburgh-based firm. And, says Felcor's president and CEO, more deals are likely to evolve with Interstate, now 50% owner in eight hotels in the REIT's portfolio.

PARIS-Investors haven't caught on to the Ile-de-France industrial market, even though availability stands at 6.3% and rents are expected to rise by as much as 20%. Yields are hovering above 9%, outperforming most other vertical sectors, according to one report.