TORRANCE, CA-The owner of the 10-year-old Torrance Crossroads obtains a long-term acquisition loan for the 148,597-sf grocery-anchored center, which averages 98% occupancy. The center was built in 1992 and is anchored by Vons Supermarket, Office Depot, Party City and Blockbuster.

DETROIT-More than 16% of office space was empty at year end, reports Paragon Corporate Realty Services, with more than 500,000 sf of negative absorption during the year. Two years ago, the market saw 1.3 million sf of positive absorption.

GLENDALE, CO-The $12-million to $15-million project will replace a 145,000-sf building, the Minneapolis-based chain's sixth-oldest outlet, with a 196,000-sf store that has been approved for liquor sales. The store is this small city's largest tax generator.

LEXINGTON, MA-Sensormatic Electronics Corp., a division of TYCO, decides to stay put at 70 West View St. in the Kiln Brook Office Park. The company, which develops electronic surveillance equipment, considered its options before renewing its lease here for five years.