Manoucher Bayat and Gary Calderon acquired Market Square Shopping Center in Greeley, Colo., from Donald Fleisher and Audrey Sattler for $7.7 million. The 43,300-square-foot center encompasses three retail buildings.
Simon Property Group is entering negotiations with Lend Lease Corp. after Lend Lease said it will sell its 50% stake in the King of Prussia Mall near Philadelphia. Simon, which has a 12.4% stake in the mall, manages the 2.6 million-square-foot facility. Lend Lease's stake could be worth as much as $1.2 billion.