GREENSBURG, PA-CBL's cash deal to acquire the 981,503-sf Westmoreland Mall and Westmoreland Crossing, a 277,303-sf associated center, closed on Monday. The transaction marks Chattanooga-based CBL's third Pittsburgh-area retail buy.

NEW YORK CITY-The world-famous museum has abandoned an ambitious plan to build a 575,000-sf branch in Lower Manhattan. Museum officials blamed the economy for scuttling the Frank Gehry-designed project.

NEW YORK CITY-In addition to buying more than 400,000 sf of office space in Illinois and South Carolina, the REIT has signed a new retail tenant and closed the books on a $10-million loan. Company officials say the decks are cleared for $200 million in '03 acquisitions.

GRAND RAPIDS, MI-In its first venture outside the Western US, SVN becomes Grand Rapids' third-largest industrial property owner with the acquisition of a 15-property portfolio from First Industrial Realty Trust.

MILWAUKEE-The company will close its Northridge Mall Boston brand department store in March. A part of Saks' Carson Pirie Scott division, Boston Stores operates five other locations in the metropolitan area, all of which will remain open.

DURHAM, NC-The $20-million deal brings the value of three-year-old Dilweg's real estate assets to well over $100 million. Not bad for a firm that just a year ago owned only two small office complexes worth about $20 million.

NEW YORK CITY-The Jacob Jacob Reingold Pavilion, part of the Hebrew Home for the Aged at Riverdale, is a 120,000-sf, five-story building that will house 170 residents in single-occupancy rooms beginning in late fall 2004.

EAST MEMPHIS-Together, the two apartment communities comprise 309 units. The seller is Chicago's Equity Residential Properties. CLK Realty in New York City purchased the properties.