CHICAGO-Tenants of 188 W. Randolph St. say the closing was "overkill," but city officials say their mandated precautions may save a life while they try to find a solution to falling terra cotta from the 46-story building.
WASHINGTON, DC-Dipping consumer confidence has led most retail real estate companies to lower expectations this year, but an analyst says because of long-term leases, most are somewhat buffered by lagging retail sales.
NEW YORK CITY-Moody's expects the manager of ski resorts and golf courses to take advantage of the improvements it has made to its infrastructure over the last several years.
DALLAS-Texas has all the right genes for weathering a nationwide recession, say regional executives. Job growth is slowing somewhat statewide, but it's still far ahead of the rest of the Union. The state's diversification is the key to continued growth.
LOS ANGELES-Locally based Hilton and other big names downgraded by UBS Warburg. Concerns include slowdown in revenue growth and travel cutbacks initiated by some large corporations.
SAN FRANCISCO-Greenwich Capital Markets has hired executives from Merrill Lynch and Donaldson Lufkin Jenrette to bolster its San Francisco operations. "Our clients will continue to have seasoned professionals offering the most innovative solutions," says Greenwich managing director Ryan Mullaney.
IRVINE, CA-Irvine-based real estate giant Fidelity National Financial Inc. has inked a deal with e-commerce company VISTAinfo to combine both companies' assets into a jointly owned real estate services firm.
NEW YORK CITY-Mayor Rudolph W. Giuliani presented his Financial Plan for Fiscal Years 2001-2005 yesterday (Jan. 25), calling for the largest capital plan for cultural institutions and libraries on record.
GREENWICH, CT-Urstadt Biddle Properties Inc., a retail REIT, reported a slight increase in funds from operations for fiscal year 2000 and a drop in net income due mainly to bankruptcy filings by some of its tenants.