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PLANO, TX-The capital will pay off a $180-million financing and pump another $20 million to $30 million of equity into the 1.4-million-sf Shops at Willow Bend. The mall, in stiff competition for consumers' dollars, will get another five years to stabilize.

AURORA, CO-The Aurora Mall is getting the most extensive makeover in its 28-year history, with a new Dillard's and a completely revamped Foley's in the works. The retooling of the Simon property will come in two phases over more than two years.

ELMSFORD, NY-Officials with Mack-Cali Realty report that the Cranford, NJ-based REIT completed 263,665 sf of lease deals at its New York-Connecticut properties in the fourth quarter of 2002, a marked increase from a year earlier.

HOUSTON-Barnes & Noble will build a 25,000-sf store at the Centre in Copperfield center the northwest submarket while Shoe Show takes 5,341 sf at Greenspoint Mall, a 1.7-million-sf venue with major redevelopment plans in hand.

CHICAGO-The busy multifamily developer is among three firms that sign renewals in deals arranged by Equis Corp. Meanwhile, The Foster Group signs a 17,837-sf sublease at 330 N. Wabash Ave.

WASHINGTON, DC-The Washington office market continues to be a favorite among investors, as evidenced by Connecticut-based Broadway Real Estate Partners' $185 million acquisition of Washington Harbour.

ORLANDO-Diana Mucha, president of M & V Builders Inc., takes over from Alan Hicks of the Cordish Co. as the Associated General Contractors of Central Florida Inc. backs its national group in urging the IRS to withdraw a proposal to tax off-road, mobile machinery used on construction sites.

AUSTIN-Beginning March 3, Sunset Valley, a thriving retail hub, limits surface parking area to 18% of the tract size for new developments. It had been 40% to 50%. The stiffer action comes about three months after a development moratorium.