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Construction Bids
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Lynn Porter Real Estate Editor |
June 18, 2009
Shimon Mizrahi and Herzel Hazan of Ariel Development bought a downtown Bellevue property at the end of 2007 with visions of erecting a 160-room hotel there.
But within a few months that hotel market started to go “sideways,” and it also became more difficult to get construction financing, said Mizrahi.
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