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SAN JOSE-The Los-Angeles-based mall REIT, reporting a healthy quarter, says two new parking structures are open and the new 225,000-sf Nordstrom is under construction for an opening in spring 2001.

MINNEAPOLIS-Urban planners see Downtown condos as a way to fight sprawl and traffic snarls. Permits to build multifamily housing in the Twin Cities have soared to 1,038 last year, up from just 60 a decade ago.

SAN RAMON, CA-IMX president and CEO Richard Wilkes says this is the last round of funding before profitability, which is slated sometime before the end of next year. The lead investor in the round was Hummer Winblad Venture Partners.

SUGAR LAND, TX-Kent Electronics is expanding its operation in the Sugar Land Business Park. The firm is undertaking a 150,000-sf office project so it can relocate it headquarters from southwest Houston to Ft. Bend County.

HOUSTON-Extrusion Technology inks a deal for 142,000 sf of industrial space for a manufacturing site in the 80-acre Continental Emsco facility. The company is a supplier of titanium and other specialty steels.

CHICAGO- Grubb & Ellis has been retained by the Management Company of Alpha and NEO Parks of Cleveland to provide brokerage services for more than 1.2 million-sf of space at the two parks.

SEATTLE, WA-J. Peterman's 2-year-old Pacific Place store in downtown Seattle is closing, along with all the company's shops across the nation. The closures are part of a Chapter 11 reorganization in which the company will refocus on catalog retailing.

MENLO PARK, CA-The 71-year-old artistic mecca known as the Allied Arts Complex could have been sold for at least $5 million. Instead, at least that much will be invested in its restoration.