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LOS ANGELES-Planning Commission rejects union-backed plan that would essentially outlaw stores such as Wal-Mart and K-mart from competing with unionized grocers. Measure could still be revived, but passage would be more difficult.
ST. PAUL, MN-One of the nation's largest wholesalers pays $8 million for the 392,000-sf plant on Shepherd Road. Montreal-based Quebecor had excess capacity after its $1.4-billion acquisition of Color World.
CHARLOTTE-The locally based real estate services firm has signed three leasing deals, bringing occupancy up to 85% at the 72,730-sf Sterling View building and 84% at the 62,495-sf Sterling Park structure. The buildings are jointly owned by Grubb Properties and Invesco.
NEW YORK CITY-Multifamily housing offers the most promise, according to the report, while the demand for warehouse and office space contracts and the need for office space declines significantly.
ATLANTA-Despite a softening construction industry and metro-wide layoffs, occupancy and room rates are expected to increase slightly in 2001, according to a new study by Ernst & Young's Hospitality Services Group here.
IRVINE, CA-Candlewood Hotel Co. taps its pool of Orange County management resources to create a new team to open the company's newest facility here. This is the fourth Candlewood Suites location to open in the county.
SAN DIEGO-Valerie Stallings resigns her seat after pleading guilty to two misdemeanors in connection with a Federal probe into corruption involving San Diego Padres owner John Moores.
CENTRAL CITY, CO-Central Palace casino has run out of luck with its owner, the Maloof Cos. of New Mexico. Doors are locked, 55 employees displaced and 180 gaming machines have been silenced. The casino is the 33rd to fall in the past decade.
DALLAS-Shoppers are bemoaning anchor closings at favorite retail meccas, but mall owners are not. The shutdowns are opening doors for concepts more akin to today's lifestyle-driven consumer.