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DENVER-The global provider of distribution services and facilities agrees to sell nine temperature-controlled distribution facilities to Nordfrost GmbH. The sale generates $36 million in proceeds but a $1 million book loss.

BINGHAM FARMS, MI-Retail REIT Malan Realty Investors Inc. declares a dividend of $0.25 cents per share, down from $0.425 per share for the quarter ending March 30 from operations of a 5.9-million-sf portfolio.

SAN MATEO, CA-BridgeSpan Inc. CEO Mark Evans tells GlobeSt.com that the industry's response to its online closing services--rapid growth of closing activity in each new market opened--shows his company is providing a necessary service.

ESCONDIDO, CA-After poring over Census data and reviewing hundreds of cities across the United States, the national magazine's editors chose Escondido, Edisto and Seanbrook islands, SC; Eugene, OR; Hanover, NH; Oxford, Miss. and Tucson, AZ.

TEMPE, AZ-Carol Warner is the new president and COO of Tempe-based Johnson Carlier. She is the current president of the Arizona Builders Alliance and one of the few of her gender to reach such professional heights in the contracting world.

LONDON-Cluttons is forecasting that South Bank rental values have now reached their peak in the current rental cycle.

NORTHBOROUGH, MA-The I-290 Industrial Park, currently owned by the Ohio Teachers Retirement System, is reportedly being purchased by the RREEF Funds. The broker, manager and seller of investment grade real estate is said to be acting on behalf of institutional investors.

WASHINGTON, DC-With Mark Winkler Co.'s recent $44-million purchase of the former MCI Communications headquarters, Cushman & Wakefield will lease the space in the 13-story office building, which had been vacant for the past few months.