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FERNDALE, MI-The suburb increases fines for civil infractions to buy land and build a new law facility, an idea copied from Royal Oak. It is expected to bring more than $108,000 a year to pay the cost, which could be as much as $3 million.

LONDON-Prime residential rental values have jumped by nearly 10% in the last year according to new research from agency Knight Frank.

SEATTLE-The district purchased the 350,000-sf building in 1999 from Lowe Enterprises for approximately $12 million and in it plans to combine a variety of operations. It plans to spend an estimated $20-$26 million on the remodel.

DENVER-GlobeSt.com learns Matrix Capital Bancorp is the buyer for the unique looking building next to the Colorado Convention Center. But the deal may be in jeopardy if the city condemns it for the $268-million expansion of the convention center.

LONDON-Vacancy rates in Britain's shopping malls have fallen to an all-time low, according to new research from CB Hillier Parker.

SEATTLE-Seattle Federal Home Loan Bank has re-elected Dick Swanson to its board of directors. Swanson is chairman and chief executive officer of the regional bank HomeStreet, formerly Continental Bank.

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.

LONDON-West End office rents have fallen for the first time since 1993 according to research from agent CB Hillier Parker.