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EDEN PRAIRIE, MN- Consumer electronics hot shot will open 70 new stores next year. Best Buy rival Circuit City will spend $1.4 billion remodeling its stores and plans to open 25 new stores by February.

LOS ANGELES, CA-Marfred Industries acquires 100,000-sf project in San Fernando Valley.

SAN FRANCISCO-Architecture firm SMWM has released its design for the new $904-million Transbay Terminal at First and Mission Streets. It next goes for approval before the Bay Area Toll Authority.

SHELBY, NC-After 10 years of uphill effort and $1.2 million in redevelopment costs, the town of Shelby, roughly 45 miles east of Charlotte, has restored Lafayette Place, adding 17,000 sf of retail and residential space to the center city.

WASHOUGAL, WA- The State Parks and Recreation Commission is eyeing 250 acres for sale near this small town just east of Vancouver, Wash.

LAFAYETTE, CA-The office and industrial real estate investment trust is handing out a third-quarter dividend of 45 cents a share, and its stock price is at a 52-week high.

CHARLOTTE-Morehead Properties Inc. paid $665,000 or $26 per sf for a foreclosed 25,000-sf athletic facility, but converting the high-ceilinged, large glass-windowed court area into office space required ingenuity. The developer did it by creating a second level with reinforced steel beams.

SANFORD-Rami Yosefian, a commercial fixer-upper specialist, is investing $250,000 to develop the estimated 50,000-sf site purchased from the Seminole County School Board. One appraisal put the dirt's value at $435,000. Yosefian was the only bidder.