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CHICAGO-The discount books retailer is shutting down nearly a third of the stores in its chain, with this market being the hardest hit. Crown also is closing stores in California, Maryland and Pennsylvania.
CAMBRIDGE, MA-As part of its consulting business, IBM opens a high-tech center for e-business collaboration here. The center is part of the company's network of 20 e-business centers worldwide.
SAN FRANCISCO-The Building Owners and Managers Associations around the Bay have formed the Bay Area Energy Committee to oversee negotiations with Houston-based Enron to provide building owners electricity at a fixed-rate.
PHOENIX-A local developer who is donating land in the West Valley for a proposed site for the new $335- million stadium for the Arizona Cardinals will begin site preparation this spring on a 1,000-acre business park adjacent to the stadium site.
NEWARK-Whitman agrees to a $215 million aid package on her last day in office before heading off to run EPA. The final deal is still likely to fall on the new acting governor.
MANHATTAN, KN-The 55,700-sf shopping center in this college town is sold to Chicago-based Heritage Property Investment Trust as Glimcher Realty focuses on its stronger markets. The center is anchored by Falley's Food 4 Less.
BOSTON-The proposed Convention and Exhibition Center here is in serious danger of not meeting its scheduled opening, but damages to the hotel adjacent to it resulting from such a delay are capped at $3 million.
BELLEVUE, WA-The Seattle-based developer and real estate manager is in the approval process for a 29-story office and retail tower in the central business district, but the market will make the final decision on what and when to build.
WASHINGTON, DC-BOMA cites a national energy policy, telecommunications access and tax relief for leaseholders as the organization's top three legislative issues. The issues were selected during the final days of its annual convention ending yesterday, Jan. 30.
ALISO VIEJO, CA-The global engineering and construction company is changing to a calendar fiscal year after spinning off Massey Energy as a separate company. The change caused the firm to report anticipated $4-million loss for the last two months of the year.