THE WOODLANDS, TX-The Florida-based shopping center giant lands H-E-B as a first-time JV partner for one of its Woodlands centers. The 39-acre center breaks ground in May. Delivery is set for second quarter 2004.

DENVER-CB Richard Ellis brokers Steve Rahe and Craig Stack say that even with falling rents and rising vacancies, it makes sense to upgrade multifamily rental properties to keep tenants and lure new ones.

LANCASTER, CA-Lexington Corporate Properties Trust obtains the mortgage for its recently completed 331,000-sf expansion to a 431,250-sf warehouse and distribution center in this northern L.A. County community.

ORLANDO-In some of the biggest, quickest deals done in metro Orlando in a decade, CNL Financial and its entities have closed and contracted to buy $380 million in hospitality and senior housing properties in 13 states.