TAMPA, FL-Five separate brokerages give the 30-million-sf market a thumbs up for near-future growth and expansion. Net absorption totals 1.16 million sf over the past 12 months. Overall vacancy is down two points to 15.9%. Rents are on the rise.

ST. PETERSBURG, FL-Property owner Gaslight Square Inc. borrows $3.6 million at 10-year, fixed 5.65% interest-rate financing through a Wall Street conduit lender at a 70% loan-to-value ratio for the 19-year-old, 49,985-sf property.

NEW YORK CITY-Dubai Investment Group and locally based the Milestone Group acquire a $1-billion portfolio of multifamily properties throughout the US.

WARREN, MI-BorgWarner appears to have a buyer lined up for its vacant office building and research facility on 18 acres Nine Mile and Hoover roads. An undisclosed company would invest $12 million to renovate the property.