Globest Sectors

CHICAGO-Fifield Cos. is starting construction this month on two apartment towers, with a total of 857 units, as part of its $750-million K Station development.

ANN ARBOR, MI-The pizza chain blames increased interest expense 'a continued challenging domestic environment.'

HOUSTON-Birchmont Capital Advisors, with two unrelated partners, ponies up about $172 million for class B complexes in Houston, Dallas, Fort Worth and San Antonio.

KANSAS CITY, KS-The Unified Government has purchased and plans to demolish the 700,000-sf Indian Springs mall in a move to revitalize the city's midtown area.

BATON ROUGE, LA-Pinnacle pays $20.9 million for the development site for its Riviere entertainment resort. Among the hurdles yet to clear is a Feb. 9 referendum.

PHOENIX-With preleasing at 88%, PC & Development LLC starts work on the $12.5-million Plaza Mayor. A 30,000-sf Hacienda Market will anchor the 62,000-sf project.

SOUTHLAKE, TX-Fidelity leases a just-delivered, class A office building in Cedar Ridge Office Park. With occupancy at 100%, the JV owner has another decision to make.

NEWPORT BEACH, CA-The venture of the Koll Co. and the Public Employees Retirement System of Idaho plans to expand its 5.3-million-sf portfolio.