CHATTANOOGA, TN-The retail REIT repurchases 460,083 common units of its operating partnership--the remaining interests of a former executive of CBL who retired in 1997--increasing its interest in the partnership to 54.5% and management's ownership interest to 19.9%.

BLAINE, MN-CSM Corp. of Bloomington, MN, will develop the 80-acre park on land it recently acquired from Alza Corporation at the northwest intersection of I-35W and Lexington Avenue NE in this city.

PORTLAND-The Portland-based real estate merchant banking and development advisory firm hires the former director of acquisitions & development for National Retail Partners to assist company principal Todd Gooding in sniffing out new investments. SKB currently has $100 million worth of deals in escrow.

CHATTANOOGA, TN-The retail REIT repurchases 460,083 common units of its operating partnership--the remaining interests of a former executive of CBL who retired in 1997--increasing its interest in the partnership to 54.5% and management's ownership interest to 19.9%.

VANCOUVER, BC-Former senior members of Torode Realty Ltd. complete their acquisition of the company's brokerage operations, acquiring Torode Realty Vancouver to complement its previous acquisitions of Torode Realty Calgary and Torode Realty Edmonton.

SEATTLE-HAL Real Estate Investments, the equity partner in an imminent $41-million multifamily development on Capitol Hill, has taken full ownership and control of the project and the property, heretofore in the hands of Fortune Group, a merchant builder that has had to cut back operations sharply in recent weeks.

FREMONT, CA-The entitlements, originally high-density office and hotel, now allow for 850,000 sf of retail development. On the heels of the City of Fremont's approval of the change this week, Catellus executes two ground leases for land that can accommodate about 260,000 sf of retail space.

VANCOUVER, WA-With the City of Vancouver having signed off on the development agreement and begun the annexation process, Birtcher Real Estate Group is only several months away from breaking ground on Birtcher Business Center, a major light industrial development that has been in the works for three years now.