ORANGE COUNTY, CA-Festival Companies has sold Town Center Plaza, a shopping center measuring 5,789 square feet at 18503 Yorba Linda Boulevard in Yorba Linda, to Tony Nam for an amount of $4.17 million or about $720 per square foot.

BOSTON-Mayor Menino's plan to create an Innovation District in Boston is under way.

LOS ANGELES-Home repossessions in the US have fallen to its lowest level in November in 18 months due to allegations that banks were handling evictions improperly.

SAN DIEGO-Kimball, Tirey & St. John has inked a lease for 10 years with 7510 Hazard Center LLC for a Class A office space measuring 32,050 square feet in the Hazard Center Office Tower at 7676 Hazard Center Drive in Mission Valley.

CHICAGO-Ascent Corp., a St. Louis-based data center developer, has inked the first tenant, a Fortune 100 multimedia company, to its new data center measuring 250,000 square feet in west suburban Northlake.

CHICAGO-The Ambassador East, one of two new hotel chains, will be the first one to be launched by Ian Schrager of New York.

NEW YORK CITY-Six buildings in the Upper East Side of New York are up for sale for $26 million.

NEW YORK CITY-Mortgage rates for homeowners are on the rise due to tax cuts implemented in Washington.