NEW YORK CITY-Equity Office has announced plans to replace the distressed building at 124 W. 42nd St. with a new retail tower and a public plaza.

NEW YORK CITY-Icebreaker, an outdoor sportswear retailer based in New Zealand, has leased a 3,500 square feet of space between Prince and Spring streets at 102 Wooster St.

HOUSTON-Houston House Apartments, a 31-story tower opened in 1966, is receiving its first face-lift.

CHICAGO-Developer Joseph Freed & Associates LLC is likely to lose its four-story mall at 108 N. State St. to lender Bank of America Corp. as a court judge dismissed its arguments in a foreclosure lawsuit filed by the lender.

CHICAGO-D2 Realty Services Inc., a Chicago-based firm, which owns a 1.6-acre undeveloped land close to four blocks south of the Willis Tower, has won a legal battle over $785,000 in earnest money against Chieftain Group, an Ireland-based developer.

WASHINGTON, DC-Midwood Investment and Development, a New York-based firm, has acquired three Chinatown portfolio properties measuring 36,000 square feet from Riverdale International Inc. for $13.25 million.

NEW YORK CITY-The Milstein family, one of the leading realty families in the city, is about to close a sales deal on Milford Plaza Hotel for nearly $200 million to a partnership led by Rockpoint Group LLC, a private equity firm.

LOS ANGELES-Andrew Meieran, the owner of downtown L.A.'s popular Edison bar, has bought Clinton's family-run restaurant company, Restaurants Inc., and also inked a 10-year lease with Clinton Investments LLC, which possesses the five-floor building that contains the restaurant.