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ST. PAUL, MN-The New York City and Washington, DC terrorist attacks of Sept. 11 will likely cost The St. Paul Cos. $700 million in insurance claims. Says CEO Douglas W. Leatherdale: "We are not going to hide behind the war exclusion for these acts of terrorism.
WHITE PLAINS-Brokers in Westchester and Fairfield counties say that companies in and around the World Trade Center disaster site have started to make inquiries about available space in Westchester and Fairfield counties.
LONDON-Michael Holmes has fallen on his sword at listed agent Chesterton following a disastrous set of results. Profits were more than halved at the commercial and residential agent.
AUSTIN-The Austin Convention and Visitors Bureau has found its replacement for retiring president and CEO Ric Luber. The bureau has hired a Texas native and vice president of the Greater Phoenix Convention and Visitors Bureau.
AUSTIN-State capital building managers today are delivering assurances to tenants that all's well inside their buildings. BOMA Austin says everything possible is being done locally to guarantee safety despite the impossibility of such a feat.
WOODLAND HILLS, CA-The 600,000-sf office and retail complex is acquired by a fund sponsored by Boston's Beacon Capital Partners. Deal is latest in string of transactions in the hot Warner Center submarket.
PORTLAND- William Conerly, a local economic and financial consultant, tells the local chapter of the Building Owners and Managers Association that Portland is in a recession that thanks to the terrorist attacks it now might not clear it until mid-2002.
JACKSON, MS-Tower Automotive of Grand Rapids, MI has selected EastGroup Properties Inc. of Jackson, MS to develop the 170,000-sf, build-to-suit property at about $53 per sf on a 50-acre site in Canton, MS, two miles from the Nissan North America new assembly factory.
PORT ISABEL, TX-State and local officials huddle for the second consecutive day over the recovery effort of the downed causeway that leads to South Padre Island. Officials stress the popular tourist spot is still open for business via alternative transportation.
SAN ANTONIO-The Alamo City's sagging tourism is just a bump in the road that won't continue through year's end, say those in the know around town. The city takes in more than $4 billion annually from its second-largest business.