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ST. PAUL, MN-The 54,000-sf, largely vacant building would be torn down to make way for a hotel or a new headquarters for Minnesota Public Radio. The owners of the site sign a non-binding letter of intent to sell.

AUSTIN-Austin City Council will weigh zoning changes and variances for setback and height for a proposed 26-story project at Fifth and Congress. Houston-based Hines Interests says a favorable decision looks positive.

YPSILANTI, MI-Property adjacent to Downtown and the Huron River would get commercial development, an entertainment facility and condominiums under the city's plan. It has paid $1 million to assemble one-third of the site.

BLOOMFIELD, MI-The founder of Associates Creative Inc., a marketing communications firm, brings 25 years experience and creative innovation to the commercial real estate company, says President and CEO Bert L. Stahl.

NEW YORK CITY-Signings were down slightly compared to last month, but they amounted to nearly twice as much space as was leased in May 1999. A major portion of the total was the 700,000 sf pre-leased by Bloomberg.

SAN FRANCISCO-That pretty much sums up the first quarter market report by the National Real Estate Index, one of the oldest providers of real estate data and market analyses in the country. Except for apartments, the market is flat but not flatlining.

CAMBRIDGE, MA-Polaroid Corp., the struggling instant photography company, will cut another 2,000 jobs from its workforce. This move is the latest in a series of attempts by the locally-based company to reduce its debt.

ATLANTA-The Oak Brook, IL-based firm paid Sembler Family Partnership of St. Petersburg, FL $27.5 million or $125.67 per sf for the year-old, 218,819-sf, 86% leased Woodstock Square Shopping Center in suburban Woodstock, GA.