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CYPRESS, CA-A religious group hopes to build new facilities on property it purchased in the Los Alamitos Race Track and Golf Course redevelopment area. City officials have placed a moratorium on development in the area.

PHOENIX-Office demand remains strong throughout metro Phoenix, especially in Scottsdale and along Camelback Road. Demand should outpace new development for the rest of year, even with more than 3.8-million sf under construction.

DENVER-United Artists' Chapter 11 reorganization is working, even though third-quarter revenues are 17% less than 1999. UA president Kurt Hall blames the decline on 23% fewer theaters and a shortfall of blockbuster movies.

CAMPBELL, CA-Prometheus Real Estate Group plans to begin construction early next year on a 170,000-sf Ccass A office building and a 210-room Marriott hotel located a block from a light rail station.

COLUMBIA, SC-Harbor Group International, operating from its local headquarters in Norfolk, has purchased two Koger Office Parks--one here and one in Nashville.

FAIRFAX, VA-Great Oak LLC is the new owner of an office property that J.P. Morgan has owned for the last 11 years. This is one of many deals GE expects to make before the year ends.

MIAMI-Rhode Island-based CVS Corp., the nation's largest pharmaceutical/retail organization, is planning a near-future Miami Beach presence with the $4.2 million purchase of the former Food Fair supermarket building.

ORLANDO-The original award-winning club in Nashville, however, will continue to be owned by Gaylord Entertainment Co. Disney is retaining its rights to the Wildhorse name and logo.