GOLDEN VALLEY, MN-LeJeune Investment Inc. plans to use the land to expand Carousel Automobiles' Audi and Porsche dealership along Interstate 394 near Highway 169. The land had been used for employee parking.

NEW YORK CITY-REITs are down 0.4% since the first of the year, but the Dow, S&P and Nasdaq are off 1.5%, 5.6% and 12.6%, respectively. Bear Stearns expects first quarter FFO per share growth of 8.7%.

BELLEVUE, WA-Peter Armato, president of the Bellevue Downtown Association and one of the people credited with the recent commercial retail boom on the Eastside, surprised local officials by saying he would resign July 6.

BOSTON-This metropolitan area now ranks eighth in terms of its ability to compete in the new economy. High housing prices, traffic congestion and poor schools are among reasons for the poor showing.