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FAIRFAX, VA-The Northern Virginia real estate market showed its strength again when JP Morgan Investment Management Inc. traded a six-story office building in Fairfax to GE Capital Realty for $25 million.

NEW YORK CITY-Moody's concludes that a cautious outlook for the global economy is warranted over the next year due to a less plentiful supply of financial capital and poor stock price performance.

WAYNE, NJ-Offer is filed by C&S Wholesale Grocers of Brattleboro, VT, one of the bankrupt supermarket operator's principal suppliers. A&P has surfaced as another suitor for its nearly 200 stores.

DALLAS-Cushman & Wakefield Inc. has named its long-time Texas star, Robert T. Edge, to a vice-chairman post. Edge, a man in-the-know, says it's time lenders forget the past and ease up on pre-leasing requirements for new projects so Texas can go about its business.

AUBURN HILLS, MI-Frank's Nursery and Crafts opens $4-million, 50,000-sf store.

DALLAS-US Restaurant Properties Inc. in a sell-off strategy has reduced its outstanding debt by $31 million in the third quarter. Among the non-core properties sold is its Georgia Conoco portfolio.

ORLANDO, FL-Carlisle Realty Group is buying a 1.5-acre parcel from Kirkman Equities for a Mediterranean-styled, 15,750-sf retail center. But the $10.88 per-sf price ($711,000) topped the buyer's previous $4.31 per sf ($2.35 million) paid for a 12.5-acre tract.

PHOENIX-A joint venture is in negotiations to purchase one of the largest malls in the metropolitan area for $42 million. The new owners plan to spend another $42 million over the next two years to update and add to the property.