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SAN ANTONIO-Cullen/Frost Bank is rewarding its stockholders with a nominal cash dividend from its third-quarter earnings. Net interest income is up 9% and non-interest revenue is up 12.8% for the state's largest independent bank.
CHARLOTTE-Although it has stalled planned openings in Pittsburgh, Cincinnati and Orlando, the Seattle-based retailer is expected to open its doors here as scheduled next year, along with new units in north Raleigh, NC and south Durham, NC in 2003. (Please see related story on Orlando city page.)
WASHINGTON DC-Sumitomo of New York City sells prime, local office building to IBG Greenfield Partners LLC and Greenville Partners LLC. The 12-story building sold for $32.5 million.
ROCKVILLE, MD-Criimi Mae has until March 15, 2001 to effectively complete $847 million in recapitalization financing and to reorganize under an order from Judge Duncan W. Keir of the US Bankruptcy Court for the District of Maryland.
ORLANDO-The family-operated, Seattle-based retailer won't arrive at the 1.1 million-sf Florida Mall until 2003, a year after its previously scheduled debut. The delay may hurt the south Orlando retail center as it competes with newer malls opening earlier, some analysts say. (Please see related story on Charlotte city page.)
ORLANDO-For the first time in 30 years, the Economic Development Commission of Mid-Florida Inc. is getting more money from businesses than from local governments, growing its annual budget to $4.5 million from $3.8 million.
TACOMA, WA-Locally-based Mountain Construction is in charge of the eight-story property's overhaul. During demolition, Mountain discovered original brick walls and ornate floor tiles, which are being restored to preserve the historic beauty of the building.
ATLANTA-The Georgia chapter of the National Association of Industrial and Office Properties cited Holder Properties' two million sf of office development during the past year and the work of the company's retired founder in bringing the 1996 Olympics to Atlanta.
FRANKLIN PARK, IL-HSA has purchased an existing 500,000-sf industrial property in the tight O'Hare market, and broken ground for an adjacent warehouse of about 325,000 sf.
ATLANTA-As part of a new direction to concentrate on its home state, the Florida-based developer is dropping plans to develop an 18-acre site in the North Fulton County area here, and is selling the prime land at an asking price of $26 million or $1.44 million per acre ($33.16 per sf).