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DENVER-Simpson Housing Limited Partnership breaks ground on a 23-story, $115-million Union Plaza luxury condominium tower. The 264-unit residential tower is being built next to a seven-story, 136,000-sf office tower.

CHICAGO-An increase in supply has become evident in the western suburbs, where AMLI Residential Properties Trust has five properties. The REIT also is keeping an eye on the local corporate housing market.

NEWPORT BEACH, CA-Edwards Theatres Circuit Inc. has finalized a deal with The Anschutz Corp. and OCM Principal Opportunities Fund II LP that will allow the struggling theater chain to emerge from bankruptcy.

DALLAS-Companies and REITS are biting the bullet over the first quarter, but execs say there's no relief in sight until customer confidence is restored in the US economy. Turner's just-released 2000 wrap-up is a reminder of the better days.

HOUSTON-Leasing activity's brisk at Crescent's Houston Center complex. The under-construction 5 Houston Center is 71% taken and deals in the pipeline that could take it to 93%. In a rash of signings, 77,171 sf of office space has been leased.

BOCA RATON, FL-The owner-operator of luxury resorts approves a plan to reacquire up to about 2.7 million shares of the 40.4 million shares outstanding. Since the announcement, the company's common stock has dropped about 12 cents a share.

COLUMBIA, MD-At their annual meeting Thursday, shareholders of The Rouse Company elected five people to the company's board of directors--three incumbents and two newcomers. Directors also approved payment of two quarterly dividends.

TUCSON-The Marshall Foundation is eyeing an October groundbreaking on a $17-million, 115,000-sf building for office and retail. And, the foundation is in talks to sell or lease part of its holding along N. Park Avenue for a $9-million theater project.