NEW YORK CITY-The dividend is equivalent to an annualized distribution of $1.55 per common share. Series A preferred earned $2.00 per share on an annualized basis.

SPOKANE, WA-Granite Investments will draw on the hotel experience of its partner, Dick Vandervert, in the development and management of a 123-room Hilton Gardens planned for its 300-acre West Plains project.

BOSTON-The Massachusetts Horticultural Society is planning to develop a garden on four acres Downtown but is still unclear how the $70 million project will be funded. The land will be cleared by the Big Dig.

EUGENE, OR-The land is slated for development, but a team of University of Oregon staff and students are fighting to preserve the property, considered one of the last undeveloped riverfront parcels in the area.