FORT LAUDERDALE, FL-The City Commission has told the developer of two planned 42-story Downtown apartment towers to lop off as many as 15 floors if he expects to get an OK when the project comes up for a final vote in two weeks. That action may signal the end of what has been a fee-and-easy local approvals process in the CBD.

ATLANTA-Strategic Partners, an arm of CB Richard Ellis Investors of Los Angeles, bought the 20-story, 442,930 office/retail asset from Overseas Partners Capital. The seller bought the 13-year-old building in 1995 for $62 million or $139.97 per sf.

AURORA, IL-The City Council turns on the financial green light for the first phase of the huge $450-million RiverCity convention and sports arena development. A construction contract worth as much as $100 million will be awarded sometime this winter, with ground breaking expected next summer.