NEW YORK CITY-The locally based REIT specialist will pick up 2.3 million shares of common stock from Plymouth Meeting, PA-based Kramont Realty Trust. Kramont will use the proceeds for acquisitions and debt reduction.

BLUE ISLAND, IL-Beggar's Pizza wins Inland Real Estate Sales' sealed-bid auction at $800,000, acquiring the 19,000-sf former Red Derby Banquet Facility at 12700 S. Kedzie Ave. from longtime operator Richard Judd.

AUSTIN-Now, proponents and opponents must wait until May 23 to see if a master plan for a closed power plant gets a city OK. San Francisco-based Roma Design Group is pushing a plan for a community center to re-energize that section of town.

FORT WORTH-A two-year expansion plan will bring 13 new stores, 16 new fuel centers and eight remodels. Most new locations are in hand, but the grocer isn't ignoring the opportunity with the soon-to-be-vacated Winn-Dixie windfall.