LOS ANGELES-The center, which encompasses 157,049 sf, was 90% occupied at the time of sale. Sales activity in the county's retail market has cooled somewhat in recent months.

ORLANDO-Orange County Chairman Rich Crotty asks prominent lawyer Egerton van den Berg to investigate fourth-phase construction mismanagement charges for a $48,000 fee while county comptroller Martha Haynie scouts for a national consultant to open a year-long audit on one of the costliest commercial public ventures ($750 million) in county annals.

NEW YORK CITY-REITs continue outperforming equities, but the small cap firms that led the way early in the year are loosing ground to the large caps. Bear Stearns analysts think this trend is sustainable.

ORLANDO-Orange County Property Appraiser Bill Donegan rules half of the 15-acre, five-month-old, for-profit attraction near Walt Disney World is a tourist venue and not a religious site. Instead of a $25,000 annual tax bill, the taxes will be $320,000. The park is preparing to sue the county.