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NEW YORK CITY-Occupancy of the 73-year-old building, now undergoing renovation, is slated for next February. More than a third of the property is now leased. Renovations underway include installation of a fiber-optic backbone, a tenant-controlled HVAC system, ADA-compliant bathrooms and thermopane windows.
PORTLAND-Christenson, one of Northwest's largest electrical contractors, acquires the 60-person company for undisclosed financial terms as part of an overall expansion plan that includes a six-week-old Seattle office.
FORT LAUDERDALE, FL-Developer R. Donahue Peebles is again on track to build a 500-room Westin hotel next to the Broward County Convention Center. County commissioners have backed away from their threat to declare Peebles in default of his original agreement after minority business leaders rallied to his defense.
DALLAS-WorkPlace Technologies has added a public sector managing director and WorkPlace Financial has secured an associate for its financial services' real estate capital group. WorkPlace USA's goal is to build a global presence.
EVERETT, WA-Maritime Trust Co., a Connecticut-based developer, is the Port of Everett's first choice to redevelop the local north marina area. The project, which involves 100 acres of land and water, could take five to 10 years.
WASHINGTON, DC-The Departments of Justice and Housing and Urban Development and the Environmental Protection Agency brought the enforcement actions against the area managers.
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.
DENVER-A co-housing project is being undertaken in Denver, where Boulder-based Wonderland Hill Development Co. has broken ground for the metro's first such project. There are 45 such communities in the US and six in Canada.