NEW YORK CITY-Shopping center REIT Developers Diversified joins Lubert-Adler Funds and Klaff Realty in a joint venture that will dispose of the bankrupt electronics retailer's 227-property portfolio.

NEW YORK CITY-The Class A common stock is being offered by members of the Ratner, Shafran and Miller families, holders of a controlling interest in the $4.4-billion real estate firm.

NEW YORK CITY-The UK-based global banking concern replaces the space it lost at 7 World Trade Center with a new headquarters on the entire third floor of the landmark Metropolitan Life tower.

NEW YORK CITY-Best Buy is getting ready to begin construction on a major distribution facility to be located in the upstate town of Nichols. The complex will supply products to retail outlets in 10 states.

NEW YORK CITY-The Manhattan-based investment banking firm continues its aggressive pursuit of industrial/office portfolios. This time out it's a four-property buy from a major plastics manufacturer that will continue to occupy the buildings under a 20-year net lease.

NEW YORK CITY-Press-shy boutique banker Washington Mutual releases its plans for 40 branches throughout New York and New Jersey. The Seattle-based institution already has eight new Manhattan leases under its belt.

NEW YORK CITY-Two Canadian pension funds pick up Brookfield's half interest in the 1.1 million-sf Exchange Tower. The building, located in the Toronto's financial core, is home to the Toronto Stock Exchange.

NEW YORK CITY-Sources involved in the deal claim it marks the first major new Downtown tenancy since Sept. 11. Engineering firm JV DMJM Harris/Arup signs a 12-year agreement for three floors at the 70-year-old office tower.