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NEW YORK CITY-As corporate cutbacks are announced across the country, both the city and executives in the real estate industry indicate the bearing on the local economy will be slim to none.

LOS ANGELES-Developer JMB Realty Corp. begins long-awaited Westside project after signing $500-million lease with entertainment conglomerate MGM. Brokers tell GlobeSt.com another big lease deal is in the works that could guarantee more than 80% of 34-story tower will be rented when in opens in 2003.

TRENTON-A plan to curb sprawl updates the 1992 document, shifting the focus to using incentives to encourage developers to build in cities and suburbs. The spotlight now shifts to the governor and legislature.

STAMFORD, CT-CB Richard Ellis reports that it has brokered the sale of the 404,000 sf Garden City Plaza office complex to the Treeline Companies for $43.5 million.

BOSTON-James Rooney is appointed director of development and capital projects for the proposed convention center here in South Boston. He replaces Walter Upton who was recently criticized for mismanaging the project.

TRENTON-A plan to curb sprawl updates the 1992 document, shifting the focus to using incentives to encourage developers to build in cities and suburbs. The spotlight now shifts to the governor and legislature.

AUSTIN-The Austin Convention Center has positioned itself to lure regional conventions to its midst. A 900,000-sf project is on track and marketing offices are now open in Washington, DC and Chicago.

HOUSTON-Dirt should be flying in two weeks on a 40,000-sf build-to-suit for Ribelin Sales Inc., a Dallas-based distributor for the commercial paint industry. Developer GSL Contractors is undertaking the project in Aberdeen Business Park.