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PHOENIX-Local developer Steve Ellman won't complete the purchase of the Phoenix Coyotes by year-end, jeopardizing a $550-million project that calls for a new hockey stadium, along with redevelopment of the former Los Arcos Mall.
WASHINGTON, DC-When President Clinton signed HR 4577 into law, he enabled provisions designed to encourage investments in economically distressed areas. The measure provides $31.6 billion in tax relief to the apartment industry.
SAN JOSE-Jim Salata and Barry Swenson are this year's recipients of the Golden Nail Award, which honors business and property owners making significant improvements to their buildings.
WASHINGTON,DC-Boston Properties Inc.'s 11-story, 405,371-sf mixed-use office building at Market Square North is now fully leased, according to company officials. The property will be 100% occupied by March 2001.
AUSTIN-The 142-unit Riverside Place Apartment complex has changed hands in an end-of-the-year transaction. Vinland Riverside Partners LP, based in New York City, has transferred the holding to Briarwood Riverside Apartments Ltd. in San Diego.
CHICAGO-Montgomery Wards, one of the largest privately held retail chains in the country, can no longer make a go of it after over 130 years in business.