Globest Sectors

ATLANTA-The locally based apartment REIT posted funds from operations of $33.7 million, excluding a $17.5 million severance and impairment charge. That compares to FFO of $41.7 million for fourth quarter 2000, excluding a $9.4 million charge.

DENVER-Radian Communication Services Corp. takes 16,804 sf at the Equitable Distribution Center while Applied Industrial Technologies takes an additional 14,651 sf at 5500 Havana St., next to 42,504 sf it occupies.

LOS ANGELES-Juergen Bartels, CEO of the London-based Le Meridien Hotels and Resorts, told a small crowd gathered in the Garden Room of his Le Meridien at Beverly Hills that the independent luxury hotel group has its sights set on becoming the number-one brand in the international hotel trade by 2004.

SAN DIEGO-The road is cleared for the Port District to buy four blocks from the city of San Diego for convention center and ballpark parking.

DETROIT-State development officials travel to South Korea to present their case to

MIAMI-The New York developer and the Sunny Isles Beach, FL father-son team plan to break ground Feb. 9 on Trump Palace, a 47-story, 267-unit luxury condominium tower--the second of a three-phased, 972-unit venture along Miami Beach called Trump Grande Ocean Resort and Residences.

LONDON- The Imperial Tobacco Pension Fund is reweighting its portfolio by selling six industrial estates. It plans to reinvest the proceeds in the office and retail sectors.

LONG BEACH, CA-American Residential Investment Trust has entered into an arbitration agreement with Long Beach Mortgage Company (LBMC). On Jan. 4, 2001, the company had filed a lawsuit, seeking to recover damages arising from its purchase of a pool of residential mortgages from Lehman Capital, a Division of Lehman Brothers Holdings.