Development

CHICAGO-High-powered real estate partnership that includes Lakeside East backers Magellan and Near North gets big construction loan from a group of banks led by Bank of America. The Grand Plaza will be built on the last remaining parcel of the AMA's formerly huge near-north land holdings.

NEWNAN, GA-The first component of a mixed-use project here is a six-acre office park geared to small high-tech business. The first buildings will be four one-story office structures designed and wired for high-tech use.

SAN DIEGO-One of the famed music venues is being planned for the Gaslamp Quarter, confirming lengthy speculation of local boosters.

WASHINGTON, DC-This five-year-long construction budget was originally supposed to cost $756 million, but it has run $48 million more than projected.

ARLINGTON, VA-Hilton affiliate looks for places to expand operations in Washington metro area.

ORLANDO-In an exclusive interview with GlobeSt.com, Orlando developer George D. Livingston, president of the Paris-based International Real Estate Federation, representing 1.5 million professionals in 50 countries, says so-called smart-growth policies "lead to economic advantages and political gains for the few.