Development

LOS ANGELES-Pivotal Century Plaza Hotel LLC spends $70 million on the Century Plaza Hotel and another $40 million Saint Regis, neighboring hotels fronting the Avenue of the Stars. "We have created an urban resort," says company founder Francis Najafi.

ORANGE COUNTY, CA-Grupo Gigante's U.S. arm is hunting for sites in Santa Ana and Anaheim. The grocer operates more than 200 stores south of the border, making it one of Mexico's biggest grocery chains.

QUINCY, MA-Massachusetts Heavy Industries' latest financial scheme to gain control of the Fore River Shipyard here is coming under scrutiny. The bankrupt company needs to raise $55 million to be able to get another chance to revive the shipyard.

ORANGE COUNTY-All three sectors of the regional economy--high-tech, tourism and construction--are expected to slow down in the second and third quarters while construction will continue to give the county an economic boost, according to a recently released economic forecast.

ATLANTA-The industry won't be generating 100,000 jobs a year for a while but the market remains more active than other national hubs, Colliers Cauble & Co. tells GlobeSt.com.

ATLANTA-Former chief financial officer Dennis Carey will oversee construction and store planning as the newly named executive vice president of business development, strategy and corporate operations where his responsibilities will include monitoring the company's real estate portfolio.

ATLANTA-The state Department of Community Affairs and the Georgia Regional Transportation Authority will require development of regional impact studies on retail projects over 300,000 sf and office deals over 400,000 sf.

CHARLOTTE-The locally based company has about two million area customers, 75% of them in North Carolina. Duke is also providing energy to California.