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.

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.

BOCA RATON, FL-In a puzzling transaction, the publicly traded Boca Raton-based resorts developer pays $7.1 million or $109,230 per unit for a distressed 65-unit, 62,044-sf property in the seaside community of Surfside, nine miles northeast of Miami. Buyer and seller didn't respond to GlobeSt.com's request for comment.