Globest Sectors

LONGMONT, CO-The three-year loan from GE Real Estate takes out existing debt on the portfolio and provides capital for tenant improvements.

WESTON, FL-The cruise line will occupy the entire Building F at Weston Business Center under terms of the long-term lease.

PHILADELPHIA-With the close of the sale, the teen retailer goes private and turnaround expert Allen Questrom becomes non-executive chairman.

COLUMBIA, MD-General Growth Properties plans to attract tenants from the larger region to lease up the remaining 250,000 sf in its portfolio.

NEW YORK CITY-A recession isn't seen on the horizon next year by Grubb & Ellis executives, but there could be a real estate slowdown.

FRANKLIN TOWNSHIP, IN-The buildings, which total about 161,000 sf, will have a 10-year real estate tax abatement to attract tenants or buyers.

BOLINGBROOK, IL-The vacant Bolingbrook Corporate Center II is being bought by a joint venture of Bridge Development Partners LLC and McMorgan & Co.

WOBURN, MA-The agreement comes after a difficult third quarter that saw 81,000 sf of negative absorption in the submarket.