LONDON-Supermarket group Sainsbury's has successfully offloaded its property development arm J Sainsbury Developments in a pounds 168 million ($285 million) sale to Catalyst Capital.

DICKINSON, TX-Bought in February, the 105,218-sf shopping center lands a 10-year loan at a sub-6.5% interest rate after the Dallas owner hikes occupancy from 60% to 98% and puts $1.3 million into a renovation.

BOYNTON BEACH, FL-Archon Group paid Wood Partners $113,333 per unit for the 216-unit luxury property. Located in a shrinking rental market, the complex drew high interest from investors.

NEWPORT BEACH, CA-Executives from Marcus & Millichap, here and in Ontario, foresee rent increases in the Orange County and Inland Empire apartment markets in 2004.