Globest Sectors

PHOENIX-Researchers say 3.2 million sf to 3.5 million sf of office space will deliver within six months. There is concern since Q3 reports put the highest absorption at 555,719 sf.

PEARL, MS-Spectrum Capital will begin the 166-acre project's phase two in Q2 2008. The 315,000-sf Outlets of Bloomfield will rise simultaneously with a 132,000-sf Sam's Club.

SOUTHLAKE, TX-Hines banks the largest undeveloped site in the city after nine months of talks with Newland Communities. A new name and new master plan are coming.

ONTARIO, CA-The distributor of shipping, industrial and packing materials inks a 10-year lease at Majestic Airport Center.

COLUMBUS, OH-Having sold four under-performing properties, the REIT is poised for a second stage of its strategy to upgrade the portfolio.

ST. PETERSBURG, FL-Investment firm 2000 Gandy nixes condo conversion plans and sells the property to an apartment operator.

NEW YORK CITY-The new owner's plans for the Midtown building include retaining the retail portion and possibly converting the non-retail portion to office condos.

WILMINGTON, DE-The property is 95% leased and anchored by Kohl's, Pathmark, AC Moore and Petco.