Globest Sectors

SEATTLE-The hospitality arm of the locally based Goodman family acquires three Fairmont-branded hotels, two in Acapulco and one in Bermuda, which will receive $70 million in upgrades.

SALT LAKE CITY-The duo will prepare the land for development, deliver a speculative 470,000-sf distribution center in late 2008, sell off some parcels and retain the remainder for future phases.

SANTA ANA, CA-Sukut Construction Inc. will build the roads and underground infrastructure on the 4,000-acre first phase of the 13-square-mile master-planned community.

LAS VEGAS-Three different ownership groups are looking to sell as one their six contiguous parcels. The acreage, abutting Interstate 15, could fetch $6 million per acre.

MONTEBELLO, CA-Advanced Real Estate Services Inc. of Lake Forest buys the Somerset on Garfield complex from Kennedy Wilson.

SPRINGFIELD, MA-The Boston-based investor now has two major properties here encompassing more than 500 apartments.

LANSING, MI-Christman Co. renovates a former 10-story power station with plans to lease 182,000 sf in it and tack on another 120,000-sf building.

VICTORVILLE, CA-The joint venture of Orange County's Stirling Enterprises and Denver-based DCT Industrial targets small users in the new project.