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DALLAS-American Industrial Properties has a buyer after a year-long search. Cleveland-based Developers Diversified Realty will acquire all outstanding shares plus sell off 32 properties to fund the takeover.

PORTLAND, OR-The 7.82-acre site in unincorporated Washington County includes three connected buildings containing a total of 188,500-sf of space. The locally-based clothing retailer plans to renovate and occupy the space within a year.

SCARSDALE, NY-Despite an ongoing $5 million renovation program, leasing activity continues to be strong at Two Overhill Road in Scarsdale, according to brokers who have recently secured more than 15,000 sf in lease deals.

POMPANO BEACH, FL-The new owner could take over the one million-sf retail property by New Year's if the current principals settle a $14.2 million debt with New York lender CDC Mortgage Capital.

ORANGE COUNTY, CA-Transactions in Orange County this week total $420 million. Shea Properties' will build a $350-million office park, and Insignia/ESG negotiates three leases worth $70 million.

AUSTIN-The Sumner Suites in north Austin is no more; it's now an AmeriSuites under a deal cut with Sholodge Inc. The re-branding affects 27 properties in 12 states, including eight hotels in Texas.

NEW BRUNSWICK, NJ-The steel is up at the new Wick Cos. project, which is currently scheduled to be ready for occupancy next spring. It is called BrunsWick as a play on New Brunswick and Wick Cos.

NEW YORK CITY-Yesterday (Wednesday, Nov. 1), Insignia confirmed the predictions of analysts. Net income dramatically increased as a result of the proceeds from a life insurance policy on Edward S. Gordon.