PHOENIX-With two months into the work, the Macerich Co. says exterior renovations will wrap up by year's end on the 1.4-million-sf Metrocenter, allowing interior upgrades to begin in January. The plan is to complete all work in Q3 2006.

DEER PARK, TX-Hollisters Warehouse, a Long Island, NY-based TIC, works out a near $4-million deal to buy the 23-year-old Spencerwood Shopping Center from its developer. The 62,156-sf center is 90% leased to a mix of national and local retailers.

DEER PARK, TX-Hollisters Warehouse, a Long Island, NY-based TIC, works out a near $4-million deal to buy the 23-year-old Spencerwood Shopping Center from its developer. The 62,156-sf center is 90% leased to a mix of national and local retailers.

ALLEN PARK, MI-Phase I of Fairlane Green, a retail center owned by Ford Land and developed by Archon Group LP, is nearing completion, with 75% of the 404,040 sf of retail space already committed and an additional 30,000 sf under contract.

ALLEN PARK, MI-Phase I of Fairlane Green, a retail center owned by Ford Land and developed by Archon Group LP, is nearing completion, with 75% of the 404,040 sf of retail space already committed and an additional 30,000 sf under contract.

ALLEN PARK, MI-Phase I of Fairlane Green, a retail center owned by Ford Land and developed by Archon Group LP, is nearing completion, with 75% of the 404,040 sf of retail space already committed and an additional 30,000 sf under contract.

DEARBORN, MI-Excello Engineered Systems, which services the Big Three auto companies, has inked a three-year deal for new office space at Dearborn Atrium. The quoted rate on the class A office space is $20.50 per sf, plus electric.

PHOENIX-The principals of Wiley & Associates Real Estate pay $1.39 million for the multi-tenant building in the metro center industrial submarket. The new owners take over the last space in the building for their brokerage business.