HUNTLEY, IL-The retail REIT pays Huntley Development LP and Huntley Meadows Residential Venture $9.3 million to gain a 52% stake in the development of 650 acres near the Sun City development northwest of Chicago.

UNIVERSAL CITY, CA-CarrAmerica and Beacon Capital team on the purchase of the 774,720-sf office tower from France's Vivendi Universal. The seller and its subsidiaries, which occupy 50% of the building, intend to stay, sources say.

PHOENIX-The deal takes up 28,251 sf or half of the first floor in a 108,000-sf office building vacated a year ago by American Express. The college has signed a seven-year lease for a building right across the street.

DALLAS-Several real estate sources confirm Neiman Marcus has re-upped 105,000-sf plus at Renaissance Tower despite "intense competition" from the team at 1700 Pacific. It's the CBD's second large renewal this week as talks for a third, the largest, continue.