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NAPLES, FL-Lawsuits are threatened as developers argue the $1,066 per-acre charge is excessive and doesn't relate to the amount of work needed on area roads. Thirteen courses in this affluent community on the Gulf of Mexico claim they are overpaying $1.3 million.
WILMINGTON, NC-This coastal city of 50,000 residents and a vibrant movie industry feels it is ready to sell itself to national corporate chiefs as an ideal business meeting venue. Wilmington is 150 miles southeast of Downtown Charlotte.
DENVER-Girls Inc., a nonprofit service agency, is undertaking a $4.5-million, two-building project adjacent to its existing facility along W. Colfax Avenue. The project calls for a 14,000-sf multiuse center and 6,000-sf gym.
REDWOOD CITY, CA- Irvine Apartment Communities is building a 206-unit complex on just over four acres near the downtown area, which is undergoing redevelopment. The project should be finished by the end of next year.
CHULA VISTA, CA-Two of the nation's largest residential developers team up to develop a 740-acre, mixed-use project in Chula Vista, one of the last areas in the county with affordable land.
KIRKLAND, WA-The building's owner, Big Brothers and Big Sisters of King and Pierce County, will use proceeds from its sale to purchase and renovate its new headquarters at 1600 S. Graham St. in Seattle's Georgetown area.
NEW YORK CITY-The low default rate of commercial mortgage-backed securities, well below that of corporate bonds, is attributed to the diversification offered by multiplicity of assets, borrowing entities and tenants.
PHOENIX-Fresh from a winning battle over control of the company, the executives in charge of retirement community developer Del Webb have some strategic changes in store for the 40-year-old company.
ROCKVILLE, MD-Shareholders as of Dec. 14 will receive their share of the company's 156th consecutive quarterly dividend. The trust has set a record in the number of times its dividends have increased.