KANSAS CITY-The loan, arranged by Arbor Commercial Mortgage, will convert to a 40-year, 7% mortgage following construction. Briarcliff Apartment Homes will be a luxury, high-end market rate, townhouse style apartment development.

TOPEKA, KS-Even after the cutbacks, the 4,974-store retailer expects to have a net increase of 75 to 80 stores this year. Cost of the closings, including lease terminations, are estimated at $70 million.

MINNEAPOLIS-The public relations firm will double its space and consolidate its Twin Cities operations at 1101 West River Pkwy. The previous headquarters: two historic Georgian mansions at 224 West Franklin Ave., are on the market.

ST. PAUL, MN-User fees or proceeds from expanded gaming in the state are among proposals to provide public money for the stadiums. Total cost of both stadiums is estimated at $825 million.

MINNEAPOLIS-The Southern Italian restaurant chain says its fourth quarter revenues were up 21%, while its fourth-quarter income was down 22%. Openings this month were in Honolulu, Denver and Detroit.

ST. PAUL, MN-Stephanie Krueger of Harrington Co. will work with National Association of Industrial and Office Properties Minnesota chapter's executive director, Tony LeClerc. She has designed web-based software applications at Merrill Corp. in St. Paul.

WICHITA, KS-The FHA loan arranged by Uniondale, NY-bssed Arbor Commercial Mortgage LLC carries a 35-year term and 6.95% interest rate. It eliminates a lease between the borrower and city, which previously owned the project.

MINNEAPOLIS-Incoming Mayor R.T. Rybak plans a major reorganization of the city's development agencies in addition to appointing Chuck Lutz as interim head of the Minneapolis Community Development Agency.