SURPRISE, AZ-Gerard C. Scott of Litchfield Park placed a "for sale" sign on the property but wasn't getting many offers until buyer CMJ, LLC of Phoenix came along with a multi-million dollar bid, according to one of the brokers involved in the deal.

SAN DIEGO, CA-WP Carey acquires the 158,585-sf office property from LBA Overland LLC, a partnership between Layton-Belling & Associates and AEW Capital Management. Located in the San Diego Spectrum Business Park, the campus consists of a 60,335-sf corporate office facility and a 98,250-sf research and development building.

TUKWILA, WA-Owners of Westfield Shoppingtown Southcenter plan to buy the Red Lion Hotel next door to the retail facility for $2.8 million. Westfield America says it likely will expand the mall once the purchase is complete.

SAN DIEGO, CA-The deal, which is being structured as a tax-free merger, is scheduled to close in the first quarter of 2003. After the transaction is completed, Pan Pacific will own 138 shopping centers diversified across the West Coast, encompassing 19.4 million sf, with a total market capitalization of approximately $2.3 billion.