WASHINGTON, DC-The FASB has issued a revised guidance draft on July 3 and expects to release its final copy this week on CMBS transactions under the SFAS 140 accounting standard.

NEW YORK CITY-Federated Department Stores have sold 408-416 Fulton St. and 420 Fulton St. to a group of investors, including Jeff Sutton and Eli Gindi. The investors plan to redevelop the combined 60,000 sf.

WASHIGNTON, DC-According to the Weekly Mortgage Applications Survey of the Mortgage Bankers Association, the market composite index of mortgage loan applications, on an unadjusted basis, dropped 28.6% and dropped 11.1% on a seasonally adjusted basis.

WASHIGNTON, DC-According to the Weekly Mortgage Applications Survey of the Mortgage Bankers Association, the market composite index of mortgage loan applications, on an unadjusted basis, dropped 28.6% and dropped 11.1% on a seasonally adjusted basis.

EAST HARTFORD, CT-Lend Lease Real Estate Investments has sold the four-building portfolio here to Baker Properties. CB Richard Ellis represented Lend Lease and Baker Properties in the transaction.

EAST HARTFORD, CT-Lend Lease Real Estate Investments has sold the four-building portfolio here to Baker Properties. CB Richard Ellis represented Lend Lease and Baker Properties in the transaction.

WASHINGTON, DC-Activists held a day of protest on July 10 against Pacifica board chair Ken Ford and his employer, the National Association of Home Builders. Donna Reichle of the NAHB tells GlobeSt.com the issue is unrelated to the organization.

DANBURY, CT-CB Richard Ellis reports Fairfield County experienced a negative absorption of 164,562 sf in the second quarter of 2001, which was a slight decrease from the first quarter. This follows a decrease in vacancies in the first quarter.