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SAN JOSE, CA-In June, Redevelopment Agency director Susan Schick said further city funds would not be necessary to complete the project. On Tuesday, Schick got tentative City Council approval for an additional $6.1 million.
MIAMI-Bass Hotels & Resorts has named Frederik de Roode regional vice president for operations in the Southeast. He will also be vice president and general manager of the Hotel Inter-Continental Miami.
ORLANDO-The 76-year-old, privately-held, family-run company is paying $3.3 million for a 137-acre tract at International Corporate Park in south Orlando. The price equates to $24,087 per acre or 55 cents per sf. The firm plans to build a 300,000-sf complex to replace its 125,000-sf plant.
HOUSTON-High oil prices mean a comeback of oil and gas executives to the city's ritziest neighborhood. Since Jan. 1, the oil barons have been the leading purchasers of estate homes, a dominance that hasn't been seen since the energy downturn.
DENVER-A lawsuit has been settled by the Lowry Redevelopment Authority, which is putting more than $1 billion into the former Lowry Air Force Base conversion into a mixed-use community. Under the deal, 70 units must be dedicated to housing homeless families.
PORTLAND-Sellers Bill and Carol Atherton purchased the building in 1990 for $500,000 after a bank had repossessed it. The four-story strucutre was constructed in 1872 as a warehouse and later converted to office space. It underwent a restoration and seismic upgrade in 1986.