Globest Sectors

SPARTANBURG, SC-The locally based engineering and construction firm has a contract to build a power plant in Brevard County, FL for Constellation Power Source at an undisclosed cost, according to a published report. Commercial operation of the plant is expected to begin in June 2002.

ST. PAUL, MN-The $10-million tunnel will connect a convention complex to the rest of Downtown. An agreement reached by the state and county this week clears up a title issue.

SPRINGFIELD, MO-The Southwest Missouri association is unanimous choice about 10 years after an initial effort to join the federation failed. The association will cover more than 10 counties.

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.

CHICAGO-The international real estate services firm says the market's diversity in employers make it better prepared than others to get through the current economic slump. Some "new frontiers" may even see more growth, it says.

PHOENIX-A local developer has purchased a parcel in the rapidly expanding suburb of Gilbert for $1.3 million and plans to build a retail center there.

PORTLAND-Occupancy dropped last year as the market continued to soak up five new hotels in the past four years. So far this year, hoteliers in select areas are sounding a little happier. Then again, more hotel rooms are on the way.

SAN JOSE-At its recent annual meeting in San Francisco, the 45-year-old family-owned brokerage firm made several announcements, foremost of which is that the company has joined the CORE Network.