COLUMBUS, OH-The shopping center REIT incurs a $1.4 million non-cash impairment charge during the second quarter, decreasing its FFO.

NEW YORK CITY-The chain's European operates disappoint management and Wall Street.

ZAANDAM, NETHERLANDS-Ahold plans to acquire Czech supermarket company, Julius Meinl a.s., growing its presence in the country by 67 stores.

PHOENIX-After waiting more than a year to secure a site, city officials finally close on a 3.9-acre tract near the corner of 67th Street and Lower Buckeye Road. Eastbourne Investments Ltd., carving the site from an eight-acre tract, gets $1.2 million for the land.

CHANDLER, AZ-Mark-Taylor will break ground in August on a 220-unit complex along North Arizona Avenue. The 13-acre development, ticketed to rise near two corporate campuses, will deliver in late spring 2006.

HOUSTON-Carriage Services Inc. is taking 37,445 sf of class A office space at the Lakes on Post Oak complex. The deal sets up a 5,000-sf expansion and ends a one-year search. The move will coincide with a sublease expiration in the fourth quarter.

HOUSTON-Carriage Services Inc. is taking 37,445 sf of class A office space at the Lakes on Post Oak complex. The deal sets up a 5,000-sf expansion and ends a one-year search. The move will coincide with a sublease expiration in the fourth quarter.

HOUSTON-Thomas McKenzie hooks up with Equis Corp., ending a 26-year run as the oldest independent brokerage shop in the city. With the decision, he becomes a senior vice president.