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CHICAGO-The recession is just the latest threat to regional malls' health that has been beaten back, says Indianapolis-based Simon Property Group chief executive officer David Simon, joining mail-order, big-boxes and the Internet.
DETROIT-The Bay Mills Tribe plans to build three casinos, including two in Chippewa County, following John Engler's settlement of a land dispute. However, Mayor Kwame Kilpatrick vows to fight the deal in the US Congress.
ATLANTIC CITY, NJ-The gaming industry's regulatory body wants to take a closer look at charges that the demolition company has ties to organized crime.
DENVER-With a record 23,370 unsold homes on the market, the competition isn't between single- and multifamily home builders, but the resale market, claims Cheri Meyn, principal of the Genesis Group.
SPRINGFIELD, MA-In an effort to consolidate some of its manufacturing in a single plant, MeadWestVaco Corp. is closing two manufacturing plants. The Stamford, CT-based company was formed last January by the merger of Westvaco Corp. and The Mead Corp.
BOSTON-Exelon Corp. gets US regulatory approval for its purchase of six power plants from Sithe Energies, Inc. The Chicago-based utility paid $1.69 billion in a deal that involves a plant here, in Everett, West Medway, Weymouth, Framingham and one in Yarmouth, ME.
ORLANDO-The Brooklyn, NY-born hotelier, who has grown his 20-year-old portfolio to 10,000 rooms among eight properties, also plans to build a 400-bed dormitory next to the 100,000-sf Rosen School of Hospitality Management, the first of its kind in the Southeast.
BALTIMORE, MD-The Hearing and Speech Agency is online to construct a $7 million, 47,800-sf facility in the 157-acre Seton Business Park. The organization recently attained the Baltimore City Board of Estimates' approval to acquire a 3.2-acre plot on which to build the new center.
PORTLAND-Three executives who will be intricately involved in major redevelopment projects throughout the Northeast quadrant of the city's central business district will discuss the past, present and future of the area Thursday morning at the Multnomah Athletic Club.
MIAMI-The former Erickson Retirement Communities executive, who has worked in the industry for more than 30 years, is also senior executive vice president of the locally based development company.