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SAN FRANCISCO-Bidcom Inc. and Cephren Inc. are becoming Citadon Inc. The synergies between the two companies' products, assets, operating expenses and target markets were such that "it made tremendous business sense for us to merge," says Bidcom CEO Doug Sabella, who will become CEO of Citadon.
SAN ANTONIO-In November, San Antonio's North Star Mall patrons will be able to get "connected" for free to the Information Highway under a long-term pact signed between BigFatWow Inc. and RREEF, the mall owners. North Star is one of five being outfitted for the service.
SOUTH SAN FRANCISCO- The Houston-based developer plans to unload properties in South San Francisco located at 701, 650 and 901 Gateway. The properties were developed in 1995. The sale is expected to bring in up to $130 million.
BELLEVUE, WA-The $40 million project by Houston-based Hines will feature a raised floor system, which will cost about $4 a sf to create but make heating, cooling, electrical and communications easier to configure and reconfigure, as compared to running utilities in walls and ceilings.
LOS ANGELES-Brokerage firm's investment unit gets contract to handle pension fund's latest foray into real estate projects and high-tech companies that serve the industry.
ARLINGTON, VA-The National Rural Electric Cooperative Association plans to break ground soon on an 11-story office building in Arlington. Work on the 235,000-sf project, dubbed the Ellipse, is scheduled for the end of the first quarter in 2001.
HOUSTON-Weingarten Realty Investors of Houston has named a new vice president of property management. Lois Robinson will assume responsibility for the operation of the REIT's entire portfolio, which encompasses 14 states.
ORLANDO-The highlight of the three-day event, beginning today at the 750-room Hyatt Regency Grand Cypress Resort here, will be entrepreneur H. Wayne Huizenga's presentation of the Developer of the Year award to Terry W. Stiles, chairman of Fort Lauderdale, FL-based Stiles Corp. The conference is attracting about 1,000 NAIOP members.