ORLANDO-With the stock market in the basement, institutional investors and other buyers are scouting the area for established, grocery-anchored shopping properties and willing to pay $50 per sf to $150 per sf for strong income-producing assets.

ORANGE, CA-Private buyer gets 24,000-sf development at 1110 Chapman Ave. The building is fully leased.

CHICAGO-Average commercial property cap rates drop to 9.44% in the second quarter, the CCIM Institute and Landauer Realty Group Inc. report. They may not rise much more than a half-point in the wake of the Sept. 11, the author says.

BASKING RIDGE, NJ-The space is said to be available at below market rates for a sublease that runs through late 2012. Trammell Crow has the assignment.