Globest Sectors

SCOTTSDALE, AZ-GE Capital and Goldman Sachs have agreed to provide about $7 billion of liquidity for the Scottsdale-based Finova Group, pending the outcome of due diligence. The construction lender has been in Chapter 11 bankruptcy since March.

DENVER-A stalemate between the Republican-controlled house and the Democratic-run Senate during a special legislative session paves the way for other growth initiatives on the ballot this November.

SAN FRANCISCO-Gray, Cary, Ware & Freidenrich leased about 34,000 sf in an office building now under construction directly across the street from Pac Bell Park and adjacent to Mission Bay. The law firm is headquartered next door to the site.

COSTA MESA, CA-A locally based developer has acquired a 1.6-acre parcel in Costa Mesa, in a deal valued at $1.3 million. The company plans to build a 26,000-sf office and retail project on the site.

DULLES, VA-The Internet provider that sparked a technology tenant revolution in the Northern Virginia market, making it a destination location, is suffering from the same technology crash. It's impact on the climate here could be huge.

LOS ANGELES-Pivotal Century Plaza Hotel LLC spends $70 million on the Century Plaza Hotel and another $40 million Saint Regis, neighboring hotels fronting the Avenue of the Stars. "We have created an urban resort," says company founder Francis Najafi.

ROUND ROCK, TX-American Plumbing & Mechanical Inc. is in the expansion mode, opening four warehouse operations in nine months and expanding two. The promise of new markets and desire to be closer to clients' projects spark the drive.

ORANGE COUNTY, CA-Grupo Gigante's U.S. arm is hunting for sites in Santa Ana and Anaheim. The grocer operates more than 200 stores south of the border, making it one of Mexico's biggest grocery chains.