CHICAGO-Barry Sternlicht's Starwood Capital Group is moving ahead to extend its investments in distressed condos, using the experience gained when it headed a group that acquired the assets of Corus Bank.

NEW YORK CITY-US shopping centers and malls are recovering on a slower pace.

SAN DIEGO-Atlantic Diving Supply Inc. has signed a lease deal for three years with SEBCO Inc. for an industrial space measuring 24,000 square feet at 9220 Activity Road in the Miramar submarket of San Diego.

WEST PALM BEACH, FL-A fund operated by BlackRock, Inc. has purchased Village Commons, a shopping center anchored by Publix, for $25.7 million.

ORANGE COUNTY, CA-A unit of State Street Corp., Boston-based State Street Bank & Trust Co., and a group of investors will pump $400 million to Heritage Fields at El Toro, a $1.4 billion community project in Irvine, California.

NEW YORK CITY-A team consisting of Christopher Albanese, Ira Drukier and Richard Born has bought the Chelsea Art Museum located at 154 Eleventh Avenue, also known as 556 W. 22nd Street for $19.4 million.

NEW YORK CITY-A hotel project, which is almost complete in Long Island City, has upset residents.

INDIANAPOLIS-Brightpoint, a wireless devices distributor based in Indianapolis, has bought a facility spanning 533,000 square feet in the AllPoints Midwest business park in Plainfield.