Globest Sectors

FRANKLIN PARK, IL-The industrial building, which was constructed in 2002 and is 65% occupied, is being acquired from CenterPoint Properties.

SAN JOSE, CA-The mechanical contractor is relocating and expanding its operation to North San Jose from Menlo Park.

SANTA MARIA, CA-The Beverly Hills-based firm sells its 208-unit Country Oaks to a buyer based in Citrus Heights.

LAS VEGAS-Despite the region's record pace of development--deliveries this year will top 5.5 million sf--vacancy remains below optimal levels, according to a new third quarter report.

LAGUNA HILLS, CA-The Norco Planning Commission approves the development firm's plans for a 52,000-sf mixed-use project called Parkridge Business Center.

CORAL GABLES, FL-Among the issues of the second annual RealShare South Florida conference will be the flood of condominiums coming to market in the next few years.

PHOENIX-Cornerstone Real Estate Funds buys the 96%-leased Pinnacle Park Business Center II from its developer, LaPour Partners.

SANTA FE, NM-Lowe Enterprises Investors snags the Inn and Spa for $47.5 million and plans to invest another $6.2 million to renovate rooms, meeting space and the exterior.