CLEVELAND, OH-First-quarter rents for new leases spiked 28.4%, while renewal rates rose 11.3%.

WESTON, FL-The 48,000-sf spa at the 23-acre resort under redevelopment by Ireland Cos. represents Red Door's expansion to "spa destinations." The resort, under conversion to condo hotel units, will also get a soon-to-be announced new brand.

WESTON, FL-The 48,000-sf spa at the 23-acre resort under redevelopment by Ireland Cos. represents Red Door's expansion to "spa destinations." The resort, under conversion to condo hotel units, will also get a soon-to-be announced new brand.

PHILADELPHIA-DAG calls for reform of the city's development process. Its agenda comes from concern that a lack of planning during today's surge of development will result in "mediocre design and an unrecoverable squandering of opportunity."

PHILADELPHIA-DAG calls for reform of the city's development process. Its agenda comes from concern that a lack of planning during today's surge of development will result in "mediocre design and an unrecoverable squandering of opportunity."

WYOMISSING, PA-Despite still-damaged facilities on the Gulf Coast, first-quarter revenues reached $569.2 million, or $279.9 million above first quarter a year ago. Plans for slots in Pennsylvania await clearer definition of rules.

PALM BEACH GARDENS, FL-After investing $15 million to reposition the former Holiday Inn, the equity firm sells it for $110,714 a key. The buyer, Thayer Lodging Group, will retain the Doubletree flag with an eye toward expansion.

MALVERN, PA-A gain of nearly $60 million from the sale of 13 properties took the REIT's first-quarter earnings to $90.4 million versus $45.6 million in the same quarter a year ago. More sales and development lie ahead.