SANTA CLARITA, CA-An Encino, CA-based investor, acquires the 220,000-sf shopping center from Forest Family Partners, also of Encino. The plaza, boasting a roster of national retail names, was 98% leased at sale time.

CHICAGO-New developments, redevelopments and expansions of existing malls, with the larger projects all west of the Mississippi River, are on General Growth Properties Inc.'s agenda for 2003 and 2004. The capital expenditures are expected to yield a 10% return or better.

MOUNTAIN VIEW, CA-Instead of paying rent, the Mountain View Chamber of Commerce will provide city services, including producing city maps, information sheets and relocation information for businesses, in exchange for space in a city-owned building.

MURRIETA, CA-Construction begins on Village Walk Square, a $3.4-million project that will include a 35,000-sf combination office building, bank branch and restaurant. The project, rising on nearly 3.8 acres, will deliver in September.