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NORTH MIAMI BEACH-The locally based real estate investment trust has signed a definitive stock exchange agreement to acquire the US shopping center operations from a subsidiary of Canadian-based Centrefund Realty in a stock deal valued at $121 million.

BOSTON-Akibia Consulting opens a new consulting headquarters here on Post Office Square. The consulting firm's move from Broad Street here is part of Akibia Inc.'s corporate strategy for expansion both nationally and internationally.

NEW YORK CITY-Don't dismiss this industry as a bunch of technological Neanderthals. GlobeSt.com's latest Quick Survey proves that real estate professionals are more sophisticated than generally perceived. Industry news was a must on their Internet applications.

LOS ANGELES-A locally based investment company has acquired retail and industrial properties in Northridge and Thousand Oaks as part of a tax-deferred 1031 exchange valued at $2.7 million.

WESTWOOD, MA-A flurry of deals here and in Acton and Tewksbury is good for the suburban market, but local brokers insist that its not time to get too optimistic, mainly because of the increase in sublease space.

PORTLAND-"There remains a good chance things could bounce back in the latter part of this year," says Joel Heiser, executive managing director for Hospitality Asset Advisors. But in the event of recession, "it will take a bit longer," he adds.

LONDON-Prime residential rental values have jumped by nearly 10% in the last year according to new research from agency Knight Frank.

DALLAS-The Woodmont Co. is ready to make its move in Dallas, grabbing more space in a lease to relocate the team amid plans to add more services. Come June 15, Woodmont will roll out the strategy in the class-A Highland Park Place.