Federal Reserve Begins Fixed-Rate MBS Purchases :
NEW YORK CITY-GSE spreads are rising, which will limit the beneficial impact of this move.

Plaza Stops 860,000-SF Mall Redo :
FRANKLIN TOWNSHIP, OH-The 40-year-old Columbus-area mall, down to 25% occupied, was supposed to get a large Menards until economic problems postponed that plan.

Etak, Vitas Lease at Woodridge Centre :
WOODRIDGE, IL-Etak Systems Inc. and Vitas Innovative Hospice Care have leased space at the 147,000-square-foot incubator industrial complex.

Barker Targets $300M for Troubled Assets :
LOS ANGELES-Two veteran execs join the firm as part of its plan to raise the $300 million in equity to buy distressed and value-added commercial real estate notes and properties.

New Standpipe Inspection Rules Launched :
NEW YORK CITY-The safety protocols, effective immediately, stem from the fatal 2007 blaze at the former Deutsche Bank building.

Tyson’s Corner Poised for Growth :
TYSON’S CORNER, VA-The submarket’s development plan is slated for approval this year, setting the stage for more mixed-use growth.

$108M Presidio's Demolition Underway :
SAN FRANCISCO-Having secured project financing in November Forest City Enterprises is now demolishing the non-historic “wings” as the first step in repurposing the piece of history.

$700M Resort Gears Up for Opening :
LAS VEGAS-MGM Mirage Inc, which recently agreed to sell its Treasure Island property, is believed to have gained a 50% equity interest in the $700-million 'South Strip' project in November.