EXCELSIOR SPRINGS, MO-The 112-year-old Elms Resort & Spa has undergone a $16-million renovation and now two nearby, vacant hotels are being marketed as possible mixed-use redevelopment plays.

AUSTIN-The single-family housing market is so tight that Los Angeles-based Kaufman & Broad Home Corp. now has a 12-community development pipeline going in Austin. A local spokesman says the undertakings could very well net the homebuilder a top award by the housing market.

LOS ANGELES-Planners give unanimous blessing to Hileman Co.'s conversion and expansion of aformer Teledyne plant, clearing the way for work to begin as early as next month.

ORANGE COUNTY, CA-Homewood Suites by Hilton opens in Garden Grove, giving the business friendly community another 165 rooms for business travelers and tourists. The aggressive city has given incentives to developers, resulting in 1,900 new rooms since 1998.