CHICAGO-The Jackson, MS-based REIT hopes to raise $125 million by selling a 50%- to 80%-stake in its recently acquired East Loop office building at 233 N. Michigan Ave., where lease terms have resulted in lower projected earnings.

SAN DIEGO-In a demonstration of the formidable power of the North County's office market, the Shidler Group has sold a 72,500-sf office building at 5505 Morehouse Dr. in Sorrento Mesa for $16.2 million.

HOUSTON-The Houston retail market is riding the crest of strong economic indicators. Dallas-based Weitzman Group's latest report predicts the region will continue its hardy leasing and construction through year's end.

LONDON-International agency FPD Savills has hit out at findings released by researcher Cambridge Econometrics which says that first time home buyers are facing big problems because of their high mortgage commitments.