CHARLOTTE, NC- Locally based Belk Inc. says it will take over four Profitt's stores in its home state beginning in March.

PEORIA, AZ-Columbia Square, a 48,429-sf shopping center with two undeveloped pad sites, attracts a dozen offers before selling to a father and son team from Northern California, which marked its third takedown in three months.

FORT BEND COUNTY, TX-The Texas General Land Office places a $31.2-million minimum on the Grand Parkway acreage. Sealed bids are due by March 1. The proceeds will benefit the School Land Board and Permanent School Fund.

PHOENIX-McDowell Professional Plaza, a 28,860-sf medical building located on the Good Samaritan Hospital campus, sells for $2.7 million to a 1031 Exchange investor, who places the contract in the first week that the 20-year-old building hits the market.

PHOENIX-The firm's newest vice presidents are Jerome Mason, a 35-year professional who specializes in energy services, and David Carder, a senior associate in the industrial group who joined the firm in 1996.

HOUSTON-Weingarten Realty Investors sell Central Park North for less than the $4.1-million assessment. The five-building flex industrial complex, located near Beltway 8 and the Hardy Toll Road, is 55% leased.

MARYVILLE, TN- Ruby Tuesday posts disappointing results for its Q2 as same store-sales decrease 8.6%.

HOUSTON-Months of speculation about the future of apartment high-rise 3333 Allen Parkway ends as Denver-based BCN Development commits to converting the 253 units into residential condominiums.