AUSTIN-Bread-and-butter deals are keeping Austin brokers busy in what is described as the start of a return to more normal market conditions. Class B tenants are trading up for nicer buildings, but not necessarily more space.

DENVER-Mercy Housing SouthWest emerges "after an intense competitive process" as the developer of affordable rental housing at the nation's largest urban infill redevelopment. The project begins with two acres.

LONDON-Taylor Woodrow has sold its 108,000-sf Dukes Walk Shopping Centre in Waterlooville, Hampshire, to Clerical Medical to show a yield of 8.1%.

OAK BROOK, IL & INDIANAPOLIS-Great Lakes REIT and Simon Property Group are in different sectors, but find themselves with a common problem: tenant defaults and bankruptcies. The problem is more philosophical for chief executive officer David Simon.