NEW YORK CITY-Unable to obtain final approvals on the property in time for today's scheduled grand re-opening, Brookfield Properties hopes to open its doors later this week.

LONDON-Central London specialist Shaftesbury has increased its holdings in Covent Garden with the purchase of Wellington House an office and car park investment on St Martin's Lane, WC2.

NEW YORK CITY-The global brokerage firm sets up housekeeping on Madison Avenue. Its new world headquarters is a 45-story, 1.2 million-sf tower that reportedly cost $500 million to build. First new tenants will be the company's Private Client Services group.

COLORADO SPRINGS, CO-The Broadmoor Hotel is getting on with business that heralds a return of workers to complete a $75-million renovation. The first phase was unveiled Memorial Day. Work now begins on the original main building and its Northmoor and Southmoor structures.