Durham.

• Position: Triangle - Northwood Investors, Grosvenor Investment Management - Government aid to water quality management - Brief article

DURHAM -- New York-based Northwood Investors bought Research Tri-Center from Grosvenor Investment Management for about $77 million--27% less than it cost London-based Grosvenor three years ago. Northwood outbid 29 rivals for the center, which includes about 1.5 million square feet of warehouse and office space.

The N.C. Division of Water Quality says cleaning up Falls Lake could cost as much as $1.5...