As always, it's not known until the auction bell rings Aug. 7 iflast-minute arrangements have stalled the sheriff's sale process.Southwest Center Mall, owned by SW Dallas LP, was posted inFebruary for a $13-million note, rescued from the monthly sale onlyto return in May with an $8.5-million dun from its Greenville,DE-based lender, Christiana Bank & Trust Co., Dallas/FortWorth's chief marketwatcher, George Roddy Sr., president ofForeclosure Listing Service Inc. of Addison, tells GlobeSt.com. Themall owner couldn't be reached by deadline about the posting forthe 3662 W. Camp Wisdom Rd. property.

Roddy, who tracks acquisitions and dispositions too, says NorthTexas investor H. George Schuler of McKinney bought the SouthwestDallas mall's shop space in December 2005 from a lender whoforeclosed on it in 2003. The asset totals 1.4 million sf, with itsanchor roster including Burlington Coat Factory, Dillard's, Foley'sand Sears. Roddy says the mall's last occupancy reading was 72%.Dallas Central Appraisal District assesses the 27.4-acre mall,situated near US Hwy. 67 and Interstate 20, at $6.4 million.

August foreclosure postings region-wide totaled 140 or 39 morenotices than August 2006. Southwest Center Mall was one of 11retail postings, but the balance was mostly nondescript properties,Roddy says. Postings went up on 25 apartment complexes, six officebuildings, eight industrial assets and 77 miscellaneous propertieslike restaurants, auto repair centers, duplexes, a mobile home parkand an airplane hangar. The industrial sector was the only one toshow a decline from August 2006 when 10 properties were posted.