HONG KONG-Cheung Kong (Holdings) Ltd. paid $976 million for two residential sites during a land auction organized by the government.

FORT MYERS, FL-The FDIC has sold a 6,292-square-foot retail building located at 1729 Tamiami Trail, Venice, for $850,000.

WASHINGTON, DC-Mortgage rates have dropped to the lowest level it has ever been this week.

MOUNT VERNON-Petro Real Estate Development Corp.'s representatives have received a building permit allowing them to commence construction work on The Vista tower located at 543 N. McQuesten Parkway and 550 Locust Ave.

DALLAS- LNR Partners Inc., a distressed asset specialist, has hired Jones Lang LaSalle to maintain its Valley View Center mall located in LBJ Freeway, Dallas.

BOYNTON BEACH, FL-The 19,791-square-foot Chase Bank Building situated at 555 N. Congress Ave. has been sold by Commercial Florida Realty Services based in Boca Raton to Congress Avenue Financial Associates LLC for $1.7 million.

DALLAS-A plan to replace the St. Paul hospital with an $800 million hospital in the UT Southwestern Medical Center campus has been approved by the University of Texas System Board of Regents.

WESTWOOD, NJ-Cornerstone Real Estate Advisors Inc. has bought The Highlands, an apartment building located in Cenrose Circle, Westwood, from Prudential Real Estate Investors for $59.5 million.