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SCOTTSDALE, AZ-One of the biggest white elephants in the Valley, a 600,000-sf former mall in the heart of Downtown Scottsdale, is being resurrected as a teleco hotel and office project.<p>

STAMFORD, CT-Most commercial real estate brokers believe two things about the current real estate market in the New York suburbs: 1)the market is very tight with little available space; 2) some dot.coms will fail or significantly downsize in the next few months.

AUSTIN-XeTel Corp. is expanding high-tech equipment capabilities in Austin and Dallas, where plans are afoot to move to a larger manufacturing site. The expansions are needed to meet demands from the state's booming high-tech industry.

SAN DIEGO--Biotechnology companies continue to flock to the county's central and north coastal office markets.

HOLLYWOOD, FL-A week ago, Broward County took back five of the 97 acres at Port Everglades here that it had originally leased to developer Michael Swerdlow on grounds that he had failed to build on the land in a timely fashion. The two sides have since been negotiating for a county buyout of Swerdlow's contract.

WASHINGTON, DC-An Arlington-based nonprofit signs a $100-million contract to buy the much-prized Pennsylvania Avenue development site where it plans to build new Newseum, and pay installments of $10 million. DC Council has yet to approve the sole-source transaction.

WESTWOOD, MA-The new owners, who erect and manage telecommunications towers, paid Equity Office Properties $24 million for the 15-year-old suburban property, which the company intends to occupy as back office space.

PHOENIX--Once courted by city officials, big-box retailers are now being shunned by several Valley cities that may adopt regulations to restrict size and location of retail stores.