MIAMI BEACH, FL-Sam Nazarian's SLS brand hotel is all set to open in South Beach, Florida, backed by a $65 million recapitalization.

ORANGE COUNTY, CA-Foreclosures in the Orange County market declined 10% in July 2010 when compared to that of June 2010, while defaults increased by 9% for the same comparable periods.

NEW YORK CITY-Despite an uptake in leasing activity, landlords continue to remain apprehensive as some businesses are working out ways to use less space per employee.

CHICAGO-The owner of some retail complexes spanning 65,000 square feet in the Gold Coast and Lincoln Park, Fred Latsko has agreed for a settlement in a foreclosure suit for $21 million.

MIAMI-Miss Yip Chinese Cafe will be opening a new restaurant at Biscayne Boulevard in Downtown Miami.

CHICAGO-Bank of America Corp. has filed a $6.28 million foreclosure suit against a parking garage with seven levels situated at 2 E. Oak St.

JACKSONVILLE, FL-The construction of Duval County Public Schools' Atlantic Coast High School at 9735 R.G. Skinner Road, Jacksonville, is over.

NEW YORK CITY-The Department of Buildings has granted permission to raze two of Coney Island's landmark buildings - the Shore Hotel and the Bank of Coney Island despite strong opposition from community groups.