CLEVELAND-The hotel REIT reports sharp decreases in funds from operations, revenue and occupancy. The performance was expected in the aftermath of the Sept. 11 terrorist attacks on the US. A fourth-quarter dividend cut is likely.

MINNEAPOLIS-Completion of Target Plaza, a 1.8-million-sf two-tower complex, culminates Ryan Cos.' unprecendented three-block makeover. Three contiguous projects on Nicollet Mall create 3.5 million of office and retail space.

AUSTIN-The University of Texas is mapping out options for 405 acres of undeveloped land in northwest Austin. This week, master planner Carter & Burgess heads to North Carolina's Research Triangle Park for a first-hand look at that undertaking.

NEWCASTLE-AWG Developments--formerly Morrison Developments--has been selected by the regional development agency One NorthEast as preferred bidder for the last remaining site in Newcastle's Quayside area.