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CHICAGO-A $250-million mixed-use development is drastically scaled back--a 12-story hotel and 66-story condominium tower are erased from plans--far enough to prompt the city to seek a new development team.

HOUSTON-Gerard Trione is taking his turn as managing partner of Trione & Gordon in Houston. More staff and a heightened strategy for corporate real estate clients are in the offing, he tells GlobeSt.com.

AUSTIN-Symcox Development is working on plans for a mixed-use project on 6.34 acres at the intersection of South Congress and Alpine Street. Details are being worked out, but the strategy is to build multifamily, office and retail space.

MANCHESTER, NH-Fleet Bank renews its lease here at 1155 Elm St., while Transcept Inc., a telecommunications manufacturer, leases 42,000 sf at 955 Perimeter Rd. for its corporate headquarters.

NEW YORK CITY-Metro New York/New Jersey and California will offer the best multifamily buys over the next five years. Areas to avoid are the Rust Belt and the South, particularly Central and Northern Florida.

STAMFORD, CT-While the Westchester County office vacancy rate remained relatively stable in the second quarter at 11%, a broker with CB Richard Ellis says that demand has definitely softened recently.

HOUSTON-The Cy-Fair Independent School District has joined with the city in granting a Freeport Tax Exemption to Alamo Crossing Commerce Center. The 1.3 million-sf industrial park is poised to offer more tax incentives to its tenants.