ATLANTA-The Maryland-based optical networking system company anticipates up to a 75% increase in business next year. Ciena is leasing a total 147,350 sf of new space at an estimated value of $14.6 million.

HOUSTON-Developer Sam Luftak now owns the property, but he's just not sure what he's going to do with a 328,000-sf former hospital. It will be converted, but he's cautiously weighing the options: 280-room hotel or office space.

PHOENIX-After years of trying to wrangle financing, development has finally begun on a 750-room, $180-million resort in north Scottsdale that will be the Valley's second largest when completed.