JACKSONVILLE, FL-A locally-based REIT, with gross assets of $3.3 billion, sells five grocery-anchored shopping centers totaling 439,422 sf to a previously established joint venture with Macquarie Countrywide Trust of Australia for about $125.84 per sf.

CHANDLER, AZ-One look is all it took for the Valley Unitarian Universalist Church congregation to buy a 20,000-sf church at 48th Street and Chandler Boulevard from the Diocese of Phoenix. The congregation from Warner Road takes place in 60 days.

DENVER-While the market is attracting companies from other parts of the country, job growth is still slow and will continue to affect the office vacancy rate negatively until the economy picks up.

ATLANTA-Vulcan Materials Co. is appealing a Fulton County commission's ruling that changed zoning on a 21-acre tract from agricultural to M1-A which allows only warehouses, research and other commercial uses, according to a published report.