LOS ANGELES-The giant homebuilder hires Santa Monica-based investment banker Saybrook Capital LLC to sell or devise other "strategic alternatives" for the massive parcel in North County's Antelope Valley. The master-planned development has nearly 5,000 buildable lots.

GRESHAM, OR-The Torrance, CA-based retail developer and owner of several local shopping malls is expected to announce a major anchor tenant for a new mixed-use development here, and well as the relocation of its headquarters to the project.

KANSAS CITY-Two more alleys are shutting down their lanes, leaving 27 in the market. That's down from an all-time high of 55. Financial reasons and a lease non-renewal are blamed for the most recent closings.

MIAMI-The team awaits the outcome of today's special city commission meeting to learn whether elected officials make a decision on a final site selection.