CHICAGO-Pei Cobb Freed Associates, LLP design for the 47-story tower being built at 71 S. Wacker Dr. is a departure from the usual rectangular footprint here. However, the plans manage to make three major tenants, taking nearly 1 million sf, happy.

WEST COVINA, CA-The Irvine-based owner of apartment complexes and other investment properties acquires a 30-year-old, 67-unit apartment complex here and a 26-year-old, 85-unit complex in Los Angeles.

NEW YORK CITY-The retail industry here has showed considerable improvement in leasing activity during the past six months, according to the Real Estate Board's Fall Retail Report. All but the Downtown area attracted increased tenant interest.

ATLANTA-Sheldon Suga, a 30-year hospitality veteran and former general manager of the 780-room Sheraton Grande Tokyo Bay Hotel, will oversee the Dallas-based chain's seven Atlanta properties and one in Charlotte.