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WEST PALM BEACH, FL-The country's largest wholesale clubs operator is buying 70 acres for an estimated $7 million, or $100,000 per acre ($2.30 per sf) to build an estimated $24 million facility that would employ 300.

ROCKVILLE, MD-Washington Real Estate Investment Trust will issue notes worth $55 million to pay down its debts under its current revolving credit facilities. The 7.78% medium-term notes are due in 2004.

BOSTON-Boston Properties appoints a new CFO, Douglas T. Linde, and increases its unsecured line of credit, signaling the company's intention to further increase its portfolio through investments and new construction.

MINNEAPOLIS-City voters approve $140 total spending on libraries, while St. Paul is spending $20 million on its central library. Planning will proceed for a new planetarium.

SAN DIEGO-Locally based fast-food behemoth meets its 1999 expansion goals, while tasting record profits.

STAMFORD, CT-Grubb & Ellis Company predicts that asking rental rates in Westchester and Fairfield counties will continue to increase, but just slightly by year's end.

LOS ANGELES-Developer MBK Southern California Ltd. gets contract for $80-million facility in Antelope Valley community of Lancaster, but county will spend another $30 million on furnishings and off-site improvements.

SAN FRANCISCO-In a blow to Mayor Willie Brown and developers, Proposition L is passing, though just barely. The more restrictive of two competing measures, L permanently bans new office projects in parts of the Mission District and other rapidly changing areas.