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COLUMBIA, MD-The Rouse Company officials report first-quarter FFO of $70.5 million, up from $63.1 million last year, and say despite a slowing economy, its properties have high occupancy rates and increased rents.
DENVER-A consultant says the Denver Police Department needs to spend almost $100 million over the next 20 years to replace and renovate its buildings. The city already is replacing three police stations for a cost of $36 million.
CHICAGO-The city wins a three-way sweepstakes for Boeing Corp.'s headquarters and 500 executive jobs it brings from Seattle beginning Sept. 4. Geography and incentives play a part in decision-making.
SAN FRANCISCO-In partnership with the subsidiaries of several national title companies, the online commercial real estate marketplace now provides resources and current information necessary for tax-deferred investment property exchanges.
DAYTONA BEACH, FL-Trammell Crow and Orlando-based Boyd Group are teaming with LA-based Carlsberg Management to create the largest oceanfront tourist redevelopment of its kind in Florida. Major hotel players want a piece of the action, GlobeSt.com has learned.
QUINCY, MA-Massachusetts Heavy Industries is back in bankruptcy court claiming it has a new financial plan that will allow it to revive the 180-acre Fore River Shipyard here. The company found a backer who has agreed to raise the $55 million MHI needs.
ROCKVILLE, MD-The REIT, which has major developments under way in Arlington, VA and San Jose, CA, reports its FFO increased 66 cents a share during the first quarter, and income was up 4.2%.
MIAMI-A federal judge in Washington, D.C. denies Miami-Dade County's plea for injunctive relief on an administrative ruling that forbids redevelopment of the abandoned Homestead Air Force Base into a commercial airport. Homestead is 25 miles south of Downtown.
NEWPORT BEACH, CA-Investment banker plans to use new fund to invest in JV equity and mezzanine investments. Separately, it announces loans on several West Coast properties.
NEW YORK CITY-The company plans to buy up about 10% of its public float in the belief that its share price doesn't reflect the value of its underlying assets and growth potential.