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SAN DIEGO-The foundering REIT says a combination of lower-than-expected sales prices, legal costs and severance payouts caused the huge swing in its financial fortunes.

MIAMI-Hollywood, FL-based Swerdlow Real Estate Group Inc. is being retained as operating partner of the 100-acre park, four miles west of Miami International Aiport. The deal is one of the largest in South Florida this year.

SAN MATEO, CA-Glenborough Realty Trust signed two new tenants for the first new downtown office project here in 16 years. The 86,000 sf, six-story building is under construction at 101 Ellsworth and expected to be ready for occupancy in October.

WINSTON-SALEM-The Greenville-Spartanburg area in South Carolina, 75 miles southwest of Downtown Charlotte, is sizzling as new highways pave way for commercial development.

DENVER-First Industrial has found new tenants for office properties in Broomfield and and Stapleton East Business Center. The deals fill 32,807 sf. For Neway Packaging, the signing represents a moderate expansion.

BOSTON-Brookfield Properties Corporation closes the sale of a 49% interest in two of its properties here in the heart of the city's financial district. The interest sold to Deutsche Grundbesitz Management, for $337 million.

SAN DIEGO-The granddaddy of San Diego museums is going to be spruced up and enlarged to include new wing and lots of new research and meeting space.

TUCSON-Economic development officials in Tucson will travel to San Jose on Thursday in hopes of luring away major corporations, such as Cisco Systems and Hewlett-Packard, with the promise of an abundance of electricity.