REDMOND, WA-Home Depot and Fred Meyer have snatched up the land, located at the end of Highway 520. The joint purchase was split equally. Nearly 300,000-sf of retail is planned.

SUNRISE, FL-Affiliates of the Virginia-based real estate investment trust are borrowing $472 million underwritten by Morgan Stanley and Goldman Sachs on the 2.1 million-sf Sawgrass Mills retail center in this southwest Broward County community, 26 miles north of Miami.

BELLEVUE, WA-The locally based Laptop Lane has announced the opening of its newest business center at Seattle-Tacoma International Airport. The new Laptop Lane location in the North Satellite, between gates N8 and N9, is the ninth store the company has added this year.

LONDON-Investment market activity slowed dramatically in May as institutions found themselves overweight in property. But the year so far has been marked by an increase in very large transactions.