CHICAGO-Red tape, lower property values and an invasion of national retailers are among the fears of property owners in a six-block area in the Lincoln Park neighborhood, one of the most affulent areas of the city. However, landmark designation appears a fait accompli.

LONDON-A private Danish consortium represented by European Structured Leasing, has acquired two Luminar Leisure sites for a total of GBP5 million. The consortium has now invested a total of pounds 20 million ($30.8 million) in leisure and retail sites across the UK and has another pounds 30 million ($46.2 million) to spend.

LONDON-The Portman estate has agreed to grant a new lease on the Cumberland Hotel on Oxford Street in London's West End, allowing the hotel's owner and operator Royal Bank of Scotland and Le Meridian to go ahead with a pounds 70 million ($105 million) refurbishment.

MIAMI-The new office, at 5046 Biscayne Blvd. Here will start with a population of about 30. But that number is expected to grow to as high as 100.