ST. PAUL-The offer comes as Gov. Tim Pawlenty is pressuring tribal casinos to share profits with the state. Both the Minnesota Twins and Minnesota Vikings are looking for public support to build new parks.

LOS ANGELES-Century City-based Colony Capital is said to be the lead bidder on four casinos owned by Harrah's Entertainment and Caesars Entertainment, including the Atlantic City Hilton.

NEW YORK CITY-Cerberus Capital forms a new company to acquire Miami Beach-based LNR Property Corp. in a deal valued at approximately $3.8 billion. Earlier this year LNR, which was spun off from Lennar Corp., teamed with Lennar to purchase California-based developer Newhall.

LAS VEGAS-Developer Sheldon Gordon and others are charging Simon Property Group with racketeering in a $1-billion lawsuit against the mall owner. Gordon, who sold his stake in the mall last year, charges that Simon skimmed profits and mismanaged the mall. Simon says the allegations are "baseless.

ATLANTA-John A. Williams and the multifamily development company he founded 33 years ago, Post Properties Inc., have quit fighting. Post directors have agreed to a multi-million-dollar settlement with the former chairman that could reach $10 million, local observers in a position to know tell GlobeSt.com.