PHILADELPHIA-At least 160,000 acres, or 224 square miles over 43 states, are involved in land reuse activity this year, according to a study of nationwide media reports conducted by Exton, PA-based XL Environmental and Washington, DC-based International Economic Development Council.

PHILADELPHIA-Although the availability rate of industrial space in Columbus, OH, fell slightly in third quarter, at 12.5% it remains the highest in five years. New construction is being pushed well into 2003, according to researchers at CB Richard Ellis.

KING OF PRUSSIA, PA-Berwind has bought the 130,000-sf Executive Terrace from New York-based TIAA. Brokers familiar with the property say that the rental rate there is about $30 per sf, or $5 per sf above the area average.

PHILADELPHIA-The Seattle, OR-based actuarial company Milliman has taken space at 1550 Liberty Ridge Drive, a newly completed property developed by Malvern, PA-based Liberty Property Trust in the Chesterbrook Corporate Center, Wayne, PA, bringing the building to 70% occupancy.

PHILADELPHIA-The Rochester, NY-based grocery chain will start work on a 320,000-sf, two-building distribution center on 117 acres at Highridge Business Park, eventually encompassing 1 million sf with baking and meat processing facilities.

ATLANTA-Faced with declining revenues, 19.2% of hotels were unable to cover their interest obligations in 2001, according to a new study by locally based PKF's Hospitality Research Group. That is up from 16.4% the previous year. Refinancing kept the increase from going higher.

ATLANTA-As tenants continued to scale back operations and inventory, the third-quarter metro industrial vacancy rate rose 2.3% over the same period a year ago, according to the local CB Richard Ellis office. The overall rate averages 13.7%.

PHILADELPHIA-The Plymouth Meeting, PA-based retail REIT replaces an existing 7.96% obligation with a new 10-year term commitment that carries a weighted average interest rate of 6.12% only for the first two years, with amortization for the remainder of the term.