In a transaction valued at approximately $289 million, Glimcher has acquired an 80 percent indirect interest in Pearlridge Center, a 1 million-square-foot shopping mall in the community of Aiea, in metropolitan Honolulu.

Kilroy Realty Corp. continues its expansion into the San Francisco Bay Area with its second Silicon Valley acquisition in three months. The REIT will invest about $200 million in the build-to-suit, 341,000-square-foot office campus for Synopsys Inc.

While new jobless claims fell last week, the country’s international trade deficit increased by more than $6 billion in March. Homebuilders for seniors gained confidence. And JP Morgan lost approximately $2 billion on a bet involving complex derivatives.

American Realty Advisors has just snapped up the newly built, 80,000-square-foot retail village at Hunter Properties’ $350 million @First mixed-use development in San Jose.

A consortium of investors led by an affiliate of Oaktree Capital Management, as well as individual investor Michael Rosenfeld and his Woodridge Capital Partners, has just spent $200 million to purchase the iconic Fairmont San Francisco hotel.

Fannie Mae scored net income of $2.7 billion in the first quarter of 2012, up from a net loss of $6.5 billion a year ago. The Las Vegas housing market is showing small glimmers of recovery. And Spain nationalized the country’s fourth-largest bank.

In the midst of a $5.2 billion upgrade that will allow the passage of shipping vessels currently too large for the Panama Canal, the Panama Maritime Authority has granted permits to a private development group to build and operate a new, $600 million container terminal on the canal’s Atlantic side.

Ranging from $20 million to $60 million, four financing deals for a variety of commercial real estate properties are indicators that capital is beginning to flow again for midsize and larger projects.

Amid the European sovereign debt crisis, opportunities exist for commercial real estate investors on the continent, according to panelists speaking during a session at the 2012 ULI Spring meeting in Charlotte, N.C.

Home prices, including properties in distressed sales, increased 0.6 percent in March, the first monthly rise since July 2011. The BLS reported that there are significantly more job openings this spring than in 2011. And Greece’s leading anti-austerity party ruled out a coalition with either of the incumbent parties.