YAKIMA, WA-Demolition commences this week, allowing for the first phase of construction on a $38-million, 280,000-sf expansion to the Valley Mall. Development had been delayed a year because of environmental concerns.

CHICAGO-Wexford Bancgroup provides bridge, structured equity and mezzanine funding to Bryn Mawr, LLC for its 362-room Marriott Renaissance Suites being built at Bryn Mawr and Cumberland avenues near O'Hare International Airport.

HUNTINGON BEACH, CA-The agreement, which was signed by the City of Huntington Beach and AES Corp. will allow for the operation of two power-generating units that have sat idle since 1995.

CANOGA PARK, CA-A subsidiary of San Diego-based Davlyn Investments acquires 102-unit complex on Sherman Way. Vacancies in the area are in low single digits, as construction still badly lags demand.