SEATTLE-With its winning bid approved last week by the Bankruptcy Court, Seattle-based Emeritus Assisted Living says it will close on its acquisition in the fourth quarter, when Alterra is expected to complete its restructuring and emerge from Chapter 11 bankruptcy proceedings.

HOUSTON-Somera Investment Partners and CoastWood Capital Group get their first Texas deed with the 1.1-million-sf West Oaks Mall, where four of five anchors own their sites. The new owners and new leasing team now start to formulate a perk-up plan.

LYON TOWNSHIP, MI-Township officials claim that the 127 acres in question are not suited for high-density or high-rise homes, and that no need exists.

PORTLAND-In a seemingly uncharacteristic move, the owners of City Center Parking and Downtown Development Group acquire a 53,579-sf grocery-anchored retail center in the suburbs for $8.5 million.