LAKE ELSINORE, CA-Eastbourne Investments Ltd. of Williamsville, N.Y., sells the 150,200-sf Lake Elsinore Town Center after increasing occupancy and boosting rents. Eastbourne bought the center in August 1999.

ST. CLAIR SHORES, MI-Jefferson Beach Properties high-rise retail and multifamily project needs preliminary approval by the city. However, the primarily residential Macomb County suburb faces severe budget deficits.

YONKERS, NY-A Yonkers-based real estate investment firm has purchased the 45,000-sf Patriot Square Mall in Stony Point for $4.1 million.

LONDON-Investment in the European hotels sector has held up surprisingly well during 2002, with euro 3 billion ($3 billion) of properties likely to have changed hands by the year end, according to Jones Lang LaSalle.