LYNNWOOD, WA-Berlex, the US affiliate of publicly traded Schering AG Germany, agrees to purchase 16 acres here from Opus Northwest LLC for development of a multi-building campus that eventually would allow them to vacate to leased properties in Bothell and Seattle.

MINNEAPOLIS-Nearly one million sf of Twin Cities retail real estate will be looking for new tenants this summer when nine local Mervyn's department stores are closed. All the stores are undergoing closeout sales after locally based Target Corp. agreed to sell them along with its 62-unit Marshall Field's department store chain to St. Louis-based May Department Stores for $3.2 billion.

ANNAPOLIS, MD-The State of Maryland may very well find itself with $8 billion in its pockets if it follows through with a potential plan to dispose of part of its vast real estate portfolio. The desire to decrease its property assets is a result of Maryland's having found means to diminish state offices' demand for space.

NEW YORK CITY-An executive with Silverstein Properties World Trade Center LLC called for the more than $3.5 billion remaining in the Liberty Bond pool to be allocated specifically for possible use on the rebuilding of the World Trade Center site.

BLOOMINGTON, MN-Special master Ronald Lund recommends Indianapolis-based Simon Property Group relinquish to Triple Five of Minnesota, the company owned by the Ghermezians family of Canada, the 27.5% stake in the mall that the REIT bought five years ago from the Teachers Insurance & Annuity Association pension fund.