LONDON-Peterborough City Council has selected Morley Fund Management and Hammerson as the preferred development partners for a major regeneration project in the North Westgate area of the city, including the and the refurbishment and expansion of the Queensgate Shopping Centre.

BOSTON-Paradigm Properties LLC, a locally based real estate investment and management firm, acquires Landfall Developments Inc., a real estate consulting and development management firm that specializes in nonprofit institutions, industrial businesses, and divisions of government.

RENO, NV-The California State Teachers' Retirement System has acquired a stake in DP Partners' industrial real estate portfolio for $560 million, which represents its largest real estate deal in history.

VICTORVILLE, CA-The Los Angeles-based buyer plans to acquire up to $300 million this year and has targeted four other properties for purchase. The latest check has bought a 505,000-sf mall and 25 acres of abutting undeveloped land.