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LOS ANGELES-The proposed 1.2-million-sf mixed-use development in North Hollywood is moving closer to reality, as the project's developer has secured entitlements and is in final negotiations with the Community Redevelopment Agency.

NUTLEY, NJ-Fewer than expected, the staff reduction is nonetheless the first chink in the Garden State's pharmaceutical armor. Could Novartis be a possible suitor for the company?

WHITE PLAINS-SSR Realty Advisors has significantly bolstered its Core Separate Accounts real estate management business with the acquisition of the assets of GE Capital Investment Advisors of Boston.

SEDONA, AZ-A Toronto-based company has joined with Scottsdale's Pinnacle Group and Cavan Investments for its first time-share development. The team has paid $12.5 million, partly in cash, for 136 acres. The buy signals a defeat for preservationists.

CHULA VISTA, CA-The Booming Otay Ranch area is getting another educational facility as district officials prepare to break the seal on the 60,000-sf Heritage Elementary School. The school includes nine single-story buildings and is slated for completion this month.

AUSTIN-Most of Austin's submarkets has stabilized, save for the northwest. The high-water mark keeps rising and the latest accounting is 2.5 million sf, of which 68% is in the high-tech's favorite watering hole.

FT. WORTH-First American Bank, based in Bryan, TX, will break ground in 120 days on an estimated $800,000 project in Beechwood Business Park. The ground zero opportunity is a good fit for the bank's rollout strategy in the DFW area, Houston and Austin.

NEPTUNE, NJ-Garden State Hi-Tech Park LLC has signed the New York-based technology development firm to outfit its 180-acre, four million-sf project for a range of tech-based users.