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CHICAGO-Equity Office Properties Trust catapults into the top 13 among area firms in terms of market cap after yesterday's merger approval. <i><b>Go to full story for local coverage links.</i></b>

PASADENA, TX-Best Buy, based in Minneapolis, will be adding its 46th Texas store in a 45,000-sf location in Pasadena. The lease is one of 60 new locations that the retailer is opening this year in the US.

HOUSTON-Tranwestern Commercial Services' Houston office is up and running on a new leasing assignment in the city's south central submarket. The 653,533-sf contract is for the eight-building Main Park Service Center and Main Park Distribution Center.

ST. PAUL-The bill provides $180 million in commercial/industrial property tax relief and $67 million in apartment property tax reductions, which could spur creation of more affordable housing.

WEST PALM BEACH, FL-The California-based health services company paid locally based Intracoast Health Systems Inc. $304,619 per bed for the 801 beds in the two facilities. Tenet plans to invest another $36 million over five years in capital improvements. West Palm Beach is 67 miles north of Downtown Miami.

TRACY, CA-The $20-million Corral Hollow Shopping Center project will be anchored by a 65,000-sf Safeway grocery store. It is scheduled to be complete by March of next year. Only 21,849 sf remains available to be rented.

ORLANDO-Although second-quarter vacancies in the 29 million-sf market are at 12.4%, up from 10.9% in the first quarter, and rents are dropping by about 5% in most submarkets, the outlook for the third quarter and the rest of the year is positive, area leasing specialists tell GlobeSt.com.

DENVER-Above Timberline LLC plans to turn a derelict apartment building at East 37th and East 38th avenues and Gaylord Street into condominium units priced at less than $120,000, an unheard of price in this market.