BLOOMFIELD HILLS, MI-Taubman Centers decides the time is right to replace floating rate financing on International Plaza in Tampa, FL and Sunvalley in Concord, CA with $327 million in fixed-rate mortgages. The REIT pulls out $6 million for itself in the Sunvalley deal.

ORLANDO-The University of Central Florida's index of private construction intensity in the single and multifamily dwelling market for the first half places Las Vegas in the top spot for the fifth consecutive year. Atlanta was second; Phoenix-Mesa, third.

HOUSTON-A group of California investors, knocking on Gables' door, acquires the 404-unit Gables Champions at 5959 FM 1960 West. Gables gets to record a $7.5-million gain for the sale, says Gables' CEO.

TAMPA, FL-Vacancies in the 59.8-million-sf inventory are at 15.04%, down 0.45% from Q2 but still above the 8.98% national average. Third-quarter net absorption has improved to a positive 364,743 sf from a negative 532,613 sf in the previous period.