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PHOENIX-After lying dormant for more than five months, demolition resumed on the site where a $575-million redevelopment project will be built in south Scottsdale.
BOSTON-A biotechnology company based in Toronto is currently seeking industrial space here for a laboratory facility, according to company officials. It has recently expanded to Odense, Denmark with the opening of a new facility there.
MINNEAPOLIS- J. Scott Hettinger comes from Welsh Cos. He will try to grow company's property management business in addition to overseeing 4 million sf of office, industrial and retail properties.
NEW YORK CITY-GlobeSt.com has entered into an alliance with the American Property Tax Counsel to provide a platform of timely, easy-to-read hints to help real estate professionals minimize their tax hit.
CHICAGO- Capri/Capital Advisors LLC arranges $11.28-million refinancing for 352 units in Lancaster, PA and a $9.6-million mezzanine loan to a subsidiary of Prime Residential LLC for complexes in Dallas, Denver and Orlando.
MIAMI-National Residential Properties Inc. will build a 60-unit complex on exclusive Bay Harbor Island for about $8.5 million, then sell it immediately to Royal Investments & Realty Group. Bay Harbour Island is nine miles north of Downtown.
ANAHEIM, CA-With quality industrial property in short supply, UOP LLC opts to stay put at its current facilities, signing a long-term lease with owner Orangethorpe Properties LLC.
MIAMI-The locally based real estate development and management company merges Codina Realty Services ONCOR International and Codina Real Estate Management into a group headed by John B. Geisen.
LOS ANGELES-As an increased number of sublets stiffens competition in the county's office market, an LA-based tenant representative and a web-based listing service have joined up to sublet a Downtown space.
ORLANDO-The state's Department of Transportation didn't have enough funds to build the $35 million overpass at Interstate 4 and Conroy Road, so Michigan-based Forbes and Taubman companies pledged future city and county taxes of their 1.3 million-sf Mall at Millenia to cover the cost over the next 25 years.