CHICAGO-Joel Carlins' Magellan Development Group and James Loewenberg's NNP Residential & Development are forming a new corporate partnership under the Magellan banner. The pair is best known for collaborating on the $4-billion Lakeshore East development.

NEW YORK CITY-After teen-girl retailer Wet Seal announces that its $15.2-million bid for G+G Retail Inc. is denied, BCBG's bid is approved.

FOOTHILL RANCH, CA-Teen-girl retailer Wet Seal announces that its $15.2-million bid for G+G Retail Inc. is denied.

<b><i>ICSC DISPATCH: </b></i>CHICAGO-During the day two of the conference, attendees learn more about Mills Corp.'s local project.

PONTIAC, MI-Auto maker General Motors Corp. is pledging to pour millions into the state. While the investment will positively affect five of the company's Michigan-based plants, the news may be dwarfed by the company's ongoing plans to close nine facilities.

PONTIAC, MI-Auto maker General Motors Corp. is pledging to pour millions into the state. While the investment will positively affect five of the company's Michigan-based plants, the news may be dwarfed by the company's ongoing plans to close nine facilities.

<b><i>ICSC DISPATCH: </b></i>CHICAGO-ICSC kicks off its two-day Idea Exchange conference Monday at the Hyatt Regency.

HOMER GLEN, IL-Champion Realty Advisors, based in Downers Grove, is drawing plans for a 22-acre retail development known as Cedar Glen Center. With the imminent extension of Interstate 355, the center's developer is confident of the project's future success.