Globest Sectors

ALBANY-A significant hurdle has been scaled by New York State and the St. Regis Mohawk Tribe in settling issues that could have thwarted the tribe from developing a $500 million casino resort in Sullivan County.

SEATTLE-"TOPOFF 2," a congressionally-mandated exercise to test local, regional, state and federal responses to terrorism, has local state and federal officials responding to a simulated radiological dispersal device in south Seattle this week.

DALLAS-The creditworthy tenant is settling into the class A space after setting off a bidding war that lasted nearly a year among Dallas CBD building owners. The hot pursuit was tied to a 10-year lease, with a top name and reputation for staying put.

WHEATON, MD-Plans for The Montgomery at Wheaton Metro multifamily complex move full steam ahead with the recent groundbreaking on the 243-unit luxury property. Developers are spending $33 million to construct the apartment project, which is due to be completed next spring.

LONDON-Formula One motor racing tycoon Bernie Ecclestone has emerged as a major financial backer for the pounds 550 million ($880 million) Tchenguiz bid for the Selfridges department store chain.

BOSTON-Two trucking companies put two one-acre parcels in the city's South Boston neighborhood up for sale. The properties are located near the new Convention Center and close to the redeveloped Seaport district and South Boston's residential neighborhood.

CASSELBERRY, FL-Southern Management & Development LP of Boca Raton, FL paid $6.1 million or $62.64 per sf for the 29-year-old, 97,376-sf shopping center at 944 E. State Road 436 in suburban Orlando.

ATLANTA-After 12 months of searching for an all-star retail roster to occupy its planned 1.4 million-sf site at the open-air mall in Forsyth Center, the developer tells local government officials that the project may be delayed beyond the scheduled 2006 opening date.