WASHINGTON, DC-Sens. Kent Conrad, D-ND, and Don Nickles, R-OK, introduced a Senate bill that would let owners depreciate the cost of improvements in non-residential residential buildings from 39 to 10 years.

DETROIT-Occupancy in the Penobscot and First National Buildings has increased from 71% to 80% thanks to more than $20 million in renovations to the historic buildings by San Diego-based Capstone Advisors.

PHOENIX-In the latest economic study, commercial construction awards are nearly a third higher, $4 billion, in comparison to the booming early 1980s. That's the good news. Some economic indicators are falling short of projections, however.

LAKE WORTH, FL-New York-based Philips Lake Worth Corp. pays $7.6 million in cash, or $37.07 per sf, for the Palm Springs Plaza neighborhood retail center in this Palm Beach County community 59 miles north of Miami.