POUGHKEEPSIE, NY-The Metro New York office of Arthur Andersen LLP reports that former president of the Dutchess County Economic Development Corp., Kathleen Norat, has joined the firm as its Northeast Regional Director of Business Incentives.

SAN FRANCISCO-According to investment analysts, if the BofA Center sells for $1 billion, Shorenstein could take a $500 million cut, giving the real estate investment firm a 33% return on its original $660 million investment.

HOUSTON-Ted Bauer, co-founder of AIM Management Group, is this year's 2001 Houston Metropolitan Study Award recipient. Among his contributions has been a $40-million donation to the University of Houston's Bauer College of Business.

DENVER-Lockheed Martin has shelled out about $3.7 million for a 464-acre tract positioned in the heart of its 4,700 holding near Waterton Canyon. The acreage is eligible for inclusion on the National Register of Historic Places.