SAN JOSE, CA-Federal Realty Investment Trust celebrated the opening of three new stores at its $500-million Santana Row complex, which suffered extensive damages in an August 2002 fire.

LONDON-Three UK institutions have joined a pounds 1.8 billion ($3 billion) US class legal action against telecommunications giant Cable and Wireless over the company's failure to disclose lease commitments.

PORTLAND-Bids were due Wednesday for First Industrial's 594,000-sf Portland industrial portfolio. The space, mostly warehouse distribution, is concentrated in the Northeast Columbia Corridor.

LONDON-Sainsbury's, the UK's number two food retailer, has put a 'for sale' sign over its specialist property trading and development arm J Sainsbury Developments.