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CHARLOTTE-The bank may be one of the few major institutions beginning a trend as chairman Hugh McColl retires and Kenneth D. Lewis takes over.

SAN JOSE, CA-Orchard Investors, Pacific Coast Capital Partners, and Blackstone Real Estate Advisors paid approximately $210 per sf for 10 one- and two-story R&D properties totaling 530,639 sf.

HOUSTON-A Harris County judge has rejected an injunction request filed by an attorney representing more than 500,000 UIRT shareholders. But the group has won the right to use UIRT shareholder information to jockey for more support to change the election process.

MINNEAPOLIS-The crash of the Internet and Nasdaq has the telecom hotel industry in the dumps all over the nation. However, the phenomenon never really got going in the Twin Cities.

ATLANTA- First-quarter figures have been especially bleak, topping out at only $50 million. Investors report no class-A buildings are included in that figure.

ORLANDO-Darden Restaurants Inc., which calls itself the world's largest seafood restaurant chain, has closed its 8,540-sf, 253-seat location at Church Street Market because of dwindling foot traffic.

CHICAGO-CenterPoint Properties Trust will develop a 436,224-sf replacement for outdated and crowded South Water Market. Vendors will move from the 1500 block of S. Morgan St. to a 26-acre site at 2501 S. Wolcott Ave.

RALEIGH, NC-The state's economy will decline by 2% this year but lower interest rates will improve conditions later, a North Carolina State University economist tells GlobeSt.com.