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ORLANDO-Lower cost of capital and lower interest rates will trigger a slight increase in activity this year, but buyers aren't picking up bulk portfolio sales as they did prior to 1999, Ronald J. Rogg tells GlobeSt.com.

SANTA CRUZ, CA-The 242,000-sf chip plant has been around since the early 1980s. Texas Instruments acquired the 18-acre property in 1996 from Silicon Systems Inc. "We've already had all kinds of interest this morning," says TI's real estate director Randy Welch.

SACRAMENTO, CA-Arizona Partners of Phoenix acquires 369,000-sf of the 535,000-sf, 40-year-old Country Club Plaza from UBS Asset Management with the intention of spending $10 million to renovate the facility and upgrade the tenant mix.

KANSAS CITY-American's overhaul base may stay, but the administrative center at Kansas City International Airport may be on the bubble as a result of the carrier's purchase of Trans World Airlines.

CHESTER, NJ-A local development group, Guropa LLC, needs a zoning change to move forward with its proposed 64,000-sf project here in Morris County. Part of the site is currently zoned for residential.

WEEHAWKEN, NJ-A new facility will be leased to ferry operator NY Waterway for 32 years as New Jersey tries to expand cross-Hudson commuter service. Most of the funding package is a pass-along of federal transit money.

HAWTHORNE, NY-The 90,000-sf building has been sold to a group of New York City investors.

CHARLOTTE-Banc of America Securities hires Ramiro Albarran from Stone & Youngberg to head the specialty banking group as it comes off a record 2000 in profit and revenue.