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WASHINGTON, DC-The board of directors of the nation's largest source of financing for home mortgages has announced plans to pay dividends on both its common and preferred stock.
SACRAMENTO-"The guest rooms have not been done in at least 10 years and so the renovation was long overdue," said Murray Dow, president, Dow Hotel Co. "Our goal is to bring the hotel up to the standard that it had when it opened.
BUFFALO GROVE, IL-Two renewals and one new lease for a total of more than 13,000 sf are signed at Rogers Centre for Commerce. Arthur J. Rogers & Co. also handles lease deals in Des Plaines and Lake Zurich.
BOSTON-The US Postal Service's plan to relocate its processing center here in South Station to South Boston is in jeopardy because of a freeze on spending. The move would free up nearly 20 acres on the South Boston waterfront.
ASPEN, CO-The Aspen Club Lodge has changed hands about three years after it had been bought and refurbished. Chicago-based Jupiter Realty is getting more than $20 million from Washington, DC-based Northridge Capital for the 90-room lodge.
DALLAS-Manhattan-based RealtyIQ is back in the news. Founder Bruce Weissberg has stepped down as CEO amid takeover talks. Rumor has it that the Octane Alliance is tossing out this lifesaver. As usual, no one's talking until a deal closes.
CHICAGO-General Growth Properties, Inc. unveil its "America's Favorite Shopping Destinations" marketing campaign, targeting potential shoppers in 29 top tourism markets where $1 billion was spent in 2000.
ROCKVILLE, MD-The commercial mortgage company was slated to come out of bankruptcy protection this week, nearly two-and-a-half years after filing for reorganization. Meanwhile, the company reported losses for 2000 of $155.5 million.
COEUR d'ALENE, ID-The chamber wants to develop a building with views of Lake Coeur d'Alene, but needs at least a piece of a 5,200-sf lot owned by the city to make it happen.