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MINNEAPOLIS-The tourist draw of Mall of America adds to strong consumer spending numbers of $19,233 per household per year in the market. Tops on the survey was Seattle, followed by Houston, San Diego and Portland.
BRECKENRIDGE, CO-The Environmental Protection Agency appears poised to give its blessing to a $500-million expansion plan for two peaks. Vail Resorts has unveiled an ambitious plan that includes a large-scale, 148-unit grand lodge.
AUBURN HILLS, MI-The X-ray component company is spending almost $10 million to move from Troy into this city popular with automotive and technical companies. Osmic selected Auburn Hills over the Woodlands, TX.
ISSAQUAH, WA-Many brokers with an inside line on the Seattle market are saying Boeing may become the primary tenant in Opus Northwest's 156,000-sf Eastpointe office building scheduled for completion in April.
BIRMINGHAM, MI-The local planning board wants minimal cars moving in downtown area, but the $30-million project has an entrance on a main thoroughfare. Central Park Properties proposes a office, retail and residential development.
PRINCETON, NJ-A total of 14 of Summit Bank's top management people will roll over into the same or similar slots within the combined operations with takeover partner FleetBoston Financial.
ARLINGTON, VA-The board of directors of the Northern Virginia-based REIT says the company will hold repurchased shares for possible future issuance. Both individual and institutional investors own most of FBR Asset's outstanding shares.
PORTLAND-The publicly traded restaurateur is reporting a drop in third quarter profits on a rise in revenue after some extraordinary charges related to its acquisition of the Mitzel's American Kitchen franchise.
STAMFORD, CT-Abbey National Treasury Services PLC, the fifth largest bank in Britain, will establish a US headquarters operation in more than 17,000 sf of space at 400 Atlantic St., the former Champion International building.