Retail

SOUTHFIELD, MI-Ramco-Gershenson Properties Trust acquires 75% equity interest in 342,000-sf East Town Plaza near an I-90 interchange in Madison, WI. The REIT's purchase was made with preferred stock offering money.

TACOMA, WA-The Ted Brown Music and Thea's Landing projects receive federal tax incentives from the Washington State Department of Community, Trade and Economic Development. Tacoma is the only place in the region to receive a special designation allowing for such credits.

LONDON-Shopping centres and retail outlets saw an 11.3% decrease in shopper numbers on Christmas Eve but an 8.6% increase on Boxing Day (26 December) this year compared to the same days in 2001, according to figures released by the FootFall Index.

ATLANTIC CITY-The combination of the two adjacent properties creates this city's biggest hotel/casino with more than 1,750 rooms and almost 180,000 sf of casino space.

PHILADELPHIA-The Port Washington, NY-based REIT contemplates redevelopment of an 89,000-sf former Montgomery Ward unit and other renovations for the 523,000-sf mall located on 44 acres in Camp Hill, PA. The seller is an affiliate of Connecticut General Life Insurance Co.

DANVERS, MA-Galyan's Trading Company enters the New England region with the opening of an 80,000-sf store at 96 Commonwealth Ave. right next to the Liberty Tree Mall. The Plainfield, IN-based company sells sports and outdoor equipment.