CHICAGO-Interra Equities pays $21 per sf for more than 200,000 sf of land that now contains city and suburban Shell gasoline stations. They will be replaced by fresh retail space.

CHICAGO-National Real Estate Clearinghouse fields 605 bids for the stations, most of them including convenience stores, in Detroit, Cincinnati, Dayton and Columbus, OH. The properties go to 43 separate buyers.

CHICAGO-The second-largest US retail REIT buys 100% of the 1.2-million-sf Four Seasons Town Centre in Greensboro, NC as well as the 50% interest in the 1.4-million-sf Town East Mall in Mesquite, TX that it did not own.

CHICAGO-The original developer of malls in Johnstown, PA, Centerville, GA and Rutland, VT, pays $73 per sf to buy back the retail properties from LaSalle Investment Management.

ROSEMONT, IL-Isle of Capri Casinos Inc. is bidding $351 million to build a casino in this northwest suburb. However, a $360-million offer is on the table from neighboring Des Plaines while a Waukegan partnership has the high bid at $375 million.

CHICAGO-The largest third-party manager of regional shopping centers in the US with a 35-million-sf portfolio now handles leasing and management of 11 centers in Illinois, Indiana, Iowa, Ohio and Texas, and leasing of five more L&H Real Estate Group assets in Florida, Illinois, Indiana and Wisconsin.

OAKBROOK, IL-A 454,172-sf shopping center in Town and Country, MO is anchored by the retail giant while a 183,211-sf store in Blytheville, AK is leased to Wal-Mart. The growing retail REIT also pays $150 per sf for a shopping center near Hilton Head, SC.

CHICAGO-Mexico Home Capital, Ltd. and Grupo Financiero GBM, S. A. de C. V. aim to do deals ranging from $20 million to $100 million, capitalizing on a shortage of 5 million housing units that grows by 500,000 every year.