MINNEAPOLIS—Wells Fargo & Co. has paid local developer Ryan Cos. $217 million for land near the new Vikings Stadium and the two office towers to be built at the site.

NATIONAL HARBOR, MD-MGM has hired DC-based architectural firm SmithGroupJJR as the architect of record for its $925-million National Harbor casino project in Prince George's County.

WASHINGTON, DC—Legislation that reduces premiums for homeowners that have government sponsored flood insurance passed the House on Tuesday in a 306-91 vote.

PHILADELPHIA—Locally-based Versa Capital Management has acquired BridgeStreet Global Hospitality, an international provider of fully-furnished corporate apartments.

TALLAHASSEE, FL—Environmental groups can put another notch in their holster as Florida officials have dropped plans to sell more than 5,000 acres of environmentally sensitive land.

TALLAHASSEE, FL—The outcome of negotiations between Florida Gov. Rick Scott and the Seminole Tribe will likely determine the future of gaming in the Sunshine State.

CHICAGO-City officials respond to Moody's Investor Service's downgrade of its upcoming $338 –million bond issuance on Tuesday by saying the move underscores the need for pension changes during the General Assembly's spring session.

STAMFORD, CT—Locally-based hotelier Starwood Hotels & Resorts Worldwide Inc. says it will open more than 60 hotels in Europe by 2020.