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PHOENIX-A St. Louis-based real estate investment group has purchased a single-tenant building in the fast-growing community of Gilbert. The deal is valued at $1.77 million.

WASHINGTON, DC-The REIT, Ventas, and its principal tenant, long-term health care provider Vencor, have agreed to pay the largest civil settlement ever for reportedly filing false claims to Medicare, Medicaid and Tricare.

KANSAS CITY-The Home Builders Association of Greater Kansas City released stats for January and February that show construction down 30% compared to the same two months in 2000. And the future isn't promising.

KANSAS CITY-The city council is leaning toward a company with higher bid because schedules by the low bidder had "typically not been met" and that the company had "product design issues" such as water leaks on the bridges.

WEYMOUTH, MA-A week after work was halted on two gas-fired power plants here and in Everett, a judge orders Sithe Electric to cancel its construction contract with Washington Group International, forcing locally-based Raytheon to take over.

When a property owner in Georgia appeals a tax assessment, he or she should be aware of the options available. If an appeal is not resolved with the assessor,…

OLATHE, KS-A new general manager, Bradley K. Cornell, will oversee day-to-day operations at Glimcher Properties Limited Partnership's 800,000-sf outlet mall. He was general manager at the New Towne Mall in New Philadelphia, OH.

CHICAGO-United States District Court Judge Ronald Guzman rules in favor of the dissolving REIT, which can proceed with its $226-million portfolio sale to Denholtz Management Corp. The buyer's due diligence ends March 30.