CHICAGO-Restaurateur and investor Reza Toulabi changes his mind on plans to open an eatery at the 94,200-sf timber loft building once owned and occupied by Bowne Co. After selling it for $8.5 million and $9.5 million last year, Inland Real Estate Auctions will use a sealed-bid auction again.

PHOENIX-IEA Investments Properties, planning to be a hands-on owner, takes over the 8,100-sf shopping center at 3750 W. McDowell Rd. on Phoenix's west side. The upside will come with a facelift to make it more profitable for owner and tenants alike.

SACATON, AZ-The 21,052-sf structures will go up on eight-acre tracts in Sacaton and Gila Crossing in the Gila River Indian Community. The early education centers will deliver in late 2004.

PORTLAND-Under a lease agreement recommended for the Port Commission's approval later this morning, Washington D.C.-based Anton Airfood Inc. would commit to 6,635 sf for 15-years, spend upward of $2 million on tenant improvements and pay rent equal to 8% of the restaurant's annual gross sales.