Globest Sectors

PHOENIX-Four new names will go on directories in the four-building office complex in the Camelback Corridor. The new deals, which also brought an expansion, filled another 39,000 sf and delivered a promising sign for a struggling office market.

LONDON-Beleaguered hotel chain Le Meridien is to revalue its global portfolio. The move is thought to presage possible sell-off of properties in order to reduce the company's debt mountain.

IRVINE,CA-Oce Printing Systems combines two existing offices in Irvine into class A space at Jamboree Center, expecting to make the move near year's end. The 10-year pact carries a $5-million price tag.

SAN DIEGO-Gil Johnson and Jennifer LeSar were sworn in Wednesday by San Diego City Clerk Charles Abdelnour to new three-year terms on the Centre City Redevelopment Corp. Board. Mayor Dick Murphy recently reappointed the returning board members.

STAMFORD, CT-Elizabeth Arden Spas and Salons Holdings will relocate its corporate headquarters operations from Phoenix to 8,500 sf of space at 300 Main St. here, reports Insignia/ESG, which was a broker in the transaction.

PORTLAND-The owners of a health club currently in the basement of the Governor Hotel have signed a lease that commences next spring for the first two floors of the three-story historic structure at Southwest 11th Avenue and Washington Street in Downtown Portland.

PHOENIX-A California investor's $675,000 check ropes a fully leased complex with a positive cash flow of 15% after the seller, Ben Ruzmin of Phoenix, hinted it might be for sale. The property is just south of Camelback Road.

ALBANY-A significant hurdle has been scaled by New York State and the St. Regis Mohawk Tribe in settling issues that could have thwarted the tribe from developing a $500 million casino resort in Sullivan County.