BLOOMFIELD HILLS, MI-Taubman Centers Inc. collateralizes the loan with the 1.3-million-sf Mall at Short Hills. The fresh capital will be used to retire debt on other assets and pay down a credit line.

BLOOMFIELD HILLS, MI-Taubman Centers collateralizes the loan with the 1.3-million-sf Mall at Short Hills.

BLOOMFIELD HILLS, MI-Taubman Centers Inc. collateralizes the loan with the 1.3-million-sf Mall at Short Hills. The fresh capital will be used to retire debt on other assets and pay down a credit line.

HOUSTON-One of the most active buyers in the region, Inland Real Estate, pays about $10 million for the newly delivered build-to-suit for McKesson Corp., getting a 10-year tenant with the acquisition from Trammell Crow Co.

LaPORTE, TX-Clay Development & Construction Inc. will break ground in the next month on a 43-acre project in its 200-acre Underwood Business Park near the Port of Houston. The first distribution space will deliver in first quarter 2007.

LaPORTE, TX-Clay Development & Construction Inc. will break ground in the next month on a 43-acre project in its 200-acre Underwood Business Park near the Port of Houston. The first distribution space will deliver in first quarter 2007.

PHOENIX-The software company pays $9.5 million for the three-building office complex and maps out a plan to invest another $8.5 million into upgrades, focusing on the conversion of a 117,000-sf structure into a data center.

FERNDALE, MI-Computer Tech Systems is moving down the street with inking a five-year, 1,221-sf deal for the ask price of $12 per sf. The property, located at 3250 Hilton Rd., is a small freestanding office structure surrounded by residential properties.