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WASHIGNTON, DC-According to the Weekly Mortgage Applications Survey of the Mortgage Bankers Association, the market composite index of mortgage loan applications, on an unadjusted basis, dropped 28.6% and dropped 11.1% on a seasonally adjusted basis.

PHOENIX-San Diego's Price Enterprises has acquired two retail centers in Mesa and Tempe in a $55.3-million deal cut with Phoenix Coyotes' owner Ellman Cos. Not only is it a good time to sell, but two Glendale projects are keeping the firm busy.

BEAVERTON, OR-Emeryville-based inServ E-Customer Solutions Inc. signs on for the fully-equipped top floor of a two-story, 80,000-sf office building by the Beaverton Mall. The lease lets previous tenant Bank One off the hook.

MINNEAPOLIS-United Properties' mid-year market report concludes that vacancy rates at regional malls are up to 3.9%. Despite the rising vacancy, rental rates have held steady, according to the report.

LONDON-The rate of increase in central London residential values has slowed, according to a new survey from Knight Frank. Unrealistic expectations among vendors are slowing sales.

SEATTLE, WA-King County has awarded $6.85 million in low-income housing grants and loans to 10 development projects that are expected to create or preserve 532 affordable housing units.

HOUSTON-A plan is in place to dispose of 94 Weiner's store and its sign-off has already been inked by US Bankruptcy Court in Delaware. The Needham, MA-based Ozer Group will be handling the asset sales, from in-store inventory to properties.

PHOENIX-Coronado, CA-based investor James Webb has sold his 60-unit Vista Village Apartments for $2.4 million to Phoenix investment firm, Parry Holdings. The purchase price equates to $39,333 per unit for the centrally located complex.