BINGHAM FARMS, MI-The retail REIT believes it could see funds from operations reduced by $2.2 million year from the closure of up to 12 department stores. Kmarts lease 27 properties from Malan, accounting for 25% of base rents.

SAN DIEGO-Robert Simmons, a somewhat controversial plaintiff, has pulled out of his lawsuit against the city of San Diego. The retired law professor challenged the city's financing of the Padre ballpark.

WOODBURN, OR-Seattle-based Food Services of America, which is shifting its distribution operation and 400 jobs from Milwaukie, Ore., expects to occupy the former AgriFrozen Foods warehouse in November. The building sold for $14.2 million.

ARLINGTON, TX-One group of local investors sells and another buys in a closely guarded deal for a 98%-occupied retail center. Upward of $500,000 reportedly is being spent to remodel the High Park Village Center at Interstate 360 and Arkansas Lane.