Globest Sectors

FORT WORTH-Prescott Realty buys Summit Office Park from Klabzuba. A $21-million loan and $5.6 million of additional good news money seed the buyer's return to the city.

AUSTIN-East Avenue Investment Group's project will get the world's fourth Hyatt Andaz. Work begins in late 2008 on the hotel and 600,000 sf of office.

CHANDLER, AZ-NCS Pearson takes 135,460 sf of the just-completed, class A office space in the Park at San Tan for its consolidation. The move-in will be done by Jan. 1.

HOUSTON-The developers will break ground in mid-October on the 312-unit Broadstone Cypress. Meanwhile, work has just begun on 353-unit Broadstone Walker Commons.

FONTANA, CA-Hua Jian Investments LLC acquires the 406,410-sf facility from the San Francisco-based Bristol Group for $95 per sf.

OAKLAND, CA-The 23-story, 500,000-sf office building will be owned and operated by one of Shorenstein's real estate investment funds and MetLife Real Estate Investments.

BOSTON-A lack of office space is sending rents upwards and tenants scrambling for options.

MIAMI-The Fort Lauderdale-based company retains JLL to market 420,080 sf of office space here. JLL also gets the call by Florida Office Property Co. to market 228,000 sf of office space in Orlando.