Globest Sectors

CHICAGO-A joint venture between the Wells Real Estate Investment Trust and Wells Limited Partnership Fund XIII pays $124 per sf for a four-story building in the Crosspoint Business Park in northeast Indianapolis.

DALLAS-Shareholders get until midnight Friday or an extra five trading days in the $61-million tender offer for common stock of Transcontinental Realty and Income Opportunity Realty. The merger is settlement for a class-action lawsuit.

SAN DIEGO, CA-The Currie Partners is preparing to start work on Phase II of its $12.5-million Rio San Diego Plaza, with groundbreaking just a few months away. Design is currently underway, as KMA Architecture & Engineering has recently been retained to plan the second phase.

ATLANTIC CITY-The combination of the two adjacent properties creates this city's biggest hotel/casino with more than 1,750 rooms and almost 180,000 sf of casino space.

PORTLAND-A division of freight hauler Schneider National takes one-third of the smaller building at the first phase of Rivergate Corporate Center, a 488,000-sf speculative project by Multi-Employer Property Trust. A 400,000-sf user may soon help launch the 607,000-sf second phase of the development.

LOS ANGELES, CA-The $4 million renovation project at the former Wyndham property is nearing completion. The hotel is in a building that dates back to the 1920s and is designated as a historic site.

LONDON-Denver-based ProLogis, the world's largest industrial REIT, will develop two build-to-suit distribution facilities for Ahold Polska for a total of 614,618 sf in Piotrksw and Bedzin, two key Polish distribution markets.

ATLANTIC CITY, NJ-The Post Office is looking to replace its existing 65-year-old local facility with a new 28,000-sf complex that would include 6,000 sf for its retail unit.