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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.
WHITE PLAINS-The average rental costs for two- and three-bedroom units in Westchester County skyrocketed last year, according to a report released by Westchester Residential Opportunities Inc., a not-for-profit housing organization.
NAPLES, FL-The parent of Marine National Bank, a full-service institution specializing in commercial lending, takes the action to reduce regulatory costs and refocus as a private bank holding company. Naples is 102 miles west of Miami.
CHARLOTTE-Development areas where newcomers are drawn include fast-growing Interstates 40 and 85. Urban and suburban growth emerges. Beachfront is also popular.
LOS ANGELES-Regional experts say that there's no sign of recession in the Southland, that gyrations in the stock market aren't shaking California's confidence. They point to the state's strong job market as the primary indicator of economic stability.
LAUREL, MD-Dynamic Designs Enterprises, a clothing manufacturer and wholesaler, has leased 17,538 sf in the third Whiskey Bottom Trade Center building, slated for completion next month by developer Gingery Development Group.
BLOOMINGTON, MN-Duke-Weeks signs the B2B agribusiness firm to an anchor lease for 30,859 sf. It will occupy the top floor of the seven-story, 212,000-sf building at Hwy. 100 and Interstate 494.
MCLEAN, VA-Because the Islamic faith prohibits the payment of interest, Freddie Mac has invested $1 million in a new finance model created to meet needs of banking regulations and religion.
ROSEVILLE, MN-Cave & Associates will build a two-story, 18-unit complex at 197 County Road B2 after a controversial zoning change is approved. The property had been zoned for retail business use but had long sat vacant.
DETROIT-An April completion date is set for build-outs at the National Institute of Technology in Dearborn and University of Phoenix in Southfield. The two projects total 38,000 sf.