WEST PALM BEACH, FL-Premier has purchased 41.6 acres of land here on which to build the planned 500,000-sf, four-building retail/office/warehouse project. The sale price of the land was about $4.2 million; MIP Ventures Ltd. was the seller.

NORTHVILLE, MI-State of Michigan decides that consultant Hendrix is too close to Grand Sakwa consultant. It will return all earnest money for bids that were up to $70 million for surplus hospital property.

CHICAGO-Adding more than $760 million in debt to the balance sheet may not be the most prudent move for Trizec Properties Inc., CEO Timothy Callahan suggests, considering the value of the tallest building in North America was most recently pegged at $826 million.

WOBURN, MA-Two Greater Boston properties are involved in Consolidated Freightway's real estate sale--which consists of 220 properties across the country valued at $400 million.