FORT WORTH-Integrated Properties of Denver is the seller. A California investment group is the buyer. The property is Cherry Hill Apartments in East Fort Worth, a fully occupied asset that met the asking price.

ATLANTA-The nine-month-old, locally based retail investment consulting group expects to close on another $50 million of assets this quarter, as some cap rates sink to the 7% range.

LONDON-Minerva chief executive Andrew Rosenfeld has warned that the pounds 124.5 million ($205.3 million) bid by the property company for department store group Allders might be withdrawn.

BOSTON-Kmart Corp. is closer to shuttering its five area stores now that it received bankruptcy court approval to close up to 318 stores across the country. The bankrupt retail chain had initially planned to shutter 326 stores.