Globest Sectors

PHILADELPHIA-After tasting New York and Atlantic City, multi-concept restaurateur Stephen Starr sets his sights on Miami and Fort Lauderdale.

ATLANTA-With the completion of the tender offer, Darden Restaurants will now pursue a short-form merger to complete the $1.4-billion deal for Rare Hospitality.

BROOKLYN, NY-Shlomo Karpen plans to develop two adjacent luxury residential buildings with a total of 21,000 sf here.

WEST LONG BRANCH, NJ-The discount brokerage lays off all but 30 staffers as it prepares to go out of business.

HIGHLAND PARK, TX-CWS Capital unveils the 55-unit Cambridge of Highland Park to the market. Buying the asset earlier this year, CWS expects it will take two years to sell out.

SYRACUSE-As part of its multibillion-dollar DestiNY USA project, the 1.5-million-sf Carousel Center shopping mall here will be 'green' powered.

Six of the area's seven submarkets currently sport vacancy rates less than 5%.

It's a good time for corporate America to make commitments in the Garden State.