Globest Sectors

DETROIT-A new $9.1 million center, funded by Ford, will feature theater rooms, galleries and auditoriums for learning and exhibits.

DENVER-The law firm is taking 35% more space in the Wells Fargo Center than it did at the nearby Republic Plaza. The 72,200-sf of space includes a high definition plasma screen TV in the reception area, conference facilities with built-in video and teleconferencing capabilities, and a wellness/mother's room for staff.

WOODLAND HILLS, CA-The Denver-based apartment specialist buys an 11-acre site for a 522-unit development on a site that now houses a TV studio complex. Construction will start in about a year.

DALLAS-Meeting in a marathon session yesterday, the Senate Intergovernmental Committee weighs first-time legislation to place a 5% cap on commercial real estate values. A decision could come tonight.

WASHINGTON, DC-Hospitality industry real estate guru C.A. Anderson comes aboard Interstate Hotels & Resorts' acquisitions and development team as the company looks to expand its management presence in time to take advantage of an anticipated pick-up in the hospitality market.

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.