WOODBURY, MN-About half of the 250,000-sf Prime Outlets center will be demolished to make way for a new Wal-Mart. The other half will be renovated and will be home to at least 20 new retailers.

LONDON-CLS has raised pounds 12.3 million ($21 million) with the sale of two office buildings in New Malden, South-West London and Watford, Hertfordshire, to Scarborough Property Group.

TROY, MI-iCap Realty closes on loans of $4.7 million and $1.4 million in seperate deals.

NORTHBROOK, IL-Investors have bid up prices of net-lease industrial properties, according to The Boulder Group, as capitalization rates are running lower than other sectors. Owners may want to consider selling, the firm suggests.