MERRITT ISLAND, FL-The Columbus, OH-based Glimcher acquires the 804,000-sf retail asset from Thor Equities. The property is 94% occupied.

'Recruiting will remain on hold until the credit markets regroup.'

HOUSTON-Phillips Development cranks up work on the last phase of the $211-million condo project near Texas Medical Center. The next wave of condos will deliver in fall 2008.

HOUSTON-Glimcher sells a second mall to a local buyer and the last one that it had up for sale in the city. This time, the 794,104-sf Northwest Mall passes to Levcor Inc.