AEP: Don’t fall for lowball tender offer

American Electric Power Company Inc. has taken an unusual step urging shareholders to reject a share buyback offer.

Canadian private investment firm TRC Capital is trying to buy a small percentage – 0.41 percent – of AEP’s (NYSE:AEP) outstanding shares, but the company recommended shareholders reject the so-called mini-tender offer.

TRC Capital Corp. wants to buy up to 2 million shares of AEP stock, but its offer is less than the market price. AEP wants shareholders to know about the proposal…

Canisus College receives $1.15M gift from alum's estate

Canisius College has received a $1.15 million gift from the estate of William E. Leising, a 1972 graduate of the college.

Leising was a real estate and financial attorney, as well as a licensed real estate broker, according to his 2010 obituary in The Boston Globe.

The gift will benefit the Hubert George & Alice Shyne Leising Scholarship Fund at Canisius, established by Leising in 1998. The scholarships are designated for students who are physically challenged.

Watch Winrock progress live as Dave & Busters, IMAX theater shine

A camera installed on the rooftop of the Albuquerque Marriott now provides a bird’s-eye view of the construction progress at Winrock Town Center in the Uptown corridor.

Jaynes Structures, an arm of Albuquerque commercial construction company Jaynes Corp., is deep in work on a two-level underground parking garage and eventually upper retail shell spaces at the southwest quadrant of the property. That project is expected to wrap up in about a year. Later development phases will include building…

Bills filed to shore up land leases before Brackenridge property sold

Two bills filed during the legislative session will tidy up some details related to the use of land in Austin now occupied by University Medical Center – Brackenridge.

The Brackenridge hospital will be decommissioned in 2017 when the new Dell Seton Medical Center at the University of Texas is completed.

Monday morning, Sen. Kirk Watson, D-Austin, introduced Senate Bill 1147 in Senate Stair Affairs. The bill, along with House Bill 2557 already filed by Rep. John Zerwas, R-Richmond, would extend…

NorthGate Centre developer buys 96 acres near Tanger/Simon outlet mall site

The developer of the planned NorthGate Centre mixed-use development in Delaware County has acquired 96 acres immediately south of the planned outlet mall off Interstate 71.

Public records show developer Pat Shivley and his NorthGate Development LLC partnership paid nearly $3.4 million to seller Katsumi Tanaka and Kazuko Tanaka Revocable Trust in March for the land bordering where Simon Property Group (NYSE:SPG) and Tanger Factory Outlet Centers (NYSE:SKT) plan to build a 350,000-square-foot outlet…