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REDMOND, WA-An ordinance up for approval by the city council tonight would restrict the owners of 17 properties from demolishing or significantly changing their buildings, but give them tax breaks in return.

ORLANDO-Post Properties Inc. of Atlanta beats everybody to the draw by spotting the shelter niche two years ago and building 244 units at Post Parkside, all 100% rented.

PHOENIX-Private group buys 100,000-sf development currently leased by sporting-goods retailer.

DENVER-A developer is taking a piece of the city's history--an 1892 building--and converting it into a $45-million loft project. The development's first phase will consist of 96 units ranging in price from $150,000 to more than $600,000.

PHOENIX-Gray Development ties up parcel in CBD with plans for a $50-million mixed-use project that includes 384 apartments.

WEST POINT, NY-Hotel Thayer at West Point welcomes a former senior sales manager from a competing hotel chain as its director of sales.

AUSTIN-A 192,000-sf manufacturing plant and related assets of German company Siemens AG are being sold to Flextronics International Inc., based in Singapore. The new owner takes over Oct. 1 and is making plans to relocate cordless phone operations to its facility in Richardson's Telecom Corridor.

MAZAMA, WA-The Trust for Public Land is trying to protect 1,000 acres of wilderness here from development. If it does't find another $6 million by Oct. 31, the land will be sold off in 20-acre parcels.