Globest Sectors

KANSAS CITY, KS-The Unified Government has purchased and plans to demolish the 700,000-sf Indian Springs mall in a move to revitalize the city's midtown area.

BATON ROUGE, LA-Pinnacle pays $20.9 million for the development site for its Riviere entertainment resort. Among the hurdles yet to clear is a Feb. 9 referendum.

PHOENIX-With preleasing at 88%, PC & Development LLC starts work on the $12.5-million Plaza Mayor. A 30,000-sf Hacienda Market will anchor the 62,000-sf project.

SOUTHLAKE, TX-Fidelity leases a just-delivered, class A office building in Cedar Ridge Office Park. With occupancy at 100%, the JV owner has another decision to make.

NEWPORT BEACH, CA-The venture of the Koll Co. and the Public Employees Retirement System of Idaho plans to expand its 5.3-million-sf portfolio.

LAS VEGAS-The former Aladdin Resort & Casino has a new look, a new name, new movie themed rooms and the beginnings of a new timeshare addition.

SAN MATEO, CA-The Blackstone-owned company in recent days has made 650,000 sf of acquisitions and inked leases with Cisco Systems, Ericsson and Netgear totaling nearly one million sf.

LOS ANGELES-Fountain Management lines up the $28.8 million in loans and preferred equity to acquire and reposition 264 apartment units.