HAWAII-The department store chain already has a presence at the Prince Kuhio Plaza on the Big Island and the Queen Kaahumanu Center on Maui, and will soon open an additional 62,000-sf store in the former venue and an 86,000-sf location in the latter.

NEW YORK CITY-Hours after GlobeSt.com's story revealing that CB Richard Ellis has entered into an agreement to buy Insignia Financial Group, a statement from the Insignia camp confirms the talks but says there's no deal in place.

CLEVELAND-The former landmark will be returned to its former glory under the new ownership, Washington, DC-based Minshall Stewart Properties. RAIT Investment Trust of Philadelphia financed the transaction with former owner Connecticut General Life Insurance Co.

ALBUQUERQUE, NM-A joint venture of New York City's Sterling America and Phoenix-based Alliance Residential Co. spends $11.2 million to acquire the Villa Ladera garden apartments from Apartment Investment & Management Co. of Denver.

PORTSMOUTH, NH-Lodging Econometrics latest data for '02 show the US hotel development pipeline declining for the fourth consecutive year, a scenario the firm's analyst's expect to continue for most, if not all of 2003.

MILAN-ProLogis European Properties Fund buys four distributions, each located in a different industrial park situated between three and 43 miles from the city. All four are fully leased to TNT Logistics.

NEW YORK CITY-The newly formed partnership will target Manhattan and outer-borough sites for ground-up development of mid- to high-end condo and rental buildings. Look for about a dozen projects over the next five to seven years.

NEW YORK CITY-Former Cushman brokers John Wheeler, Frank Cento and Christopher Krantz will run Jones Lang LaSalle's new Downtown operations out of 2 World Financial Center, in office space subleased from Merrill Lynch.