Globest Sectors

FT. WORTH-Bass Enterprises and Crescent Real Estate Equities are close to deciding who gets the contract as retail electric provider for the Jan. 1, 2002 deregulation. It's a powerful decision fueled by reliability and savings for building owner and tenant.

MIAMI BEACH, FL-Condominium owners relinquished title to individual units in the six-story, 50,000-sf property in exchange for an equity stake, clearing the way for a Dec. 19 auction.

FULLERTON, CA-The real estate investor pays $2.7 million for the Fullerton retail complex. Tenants at the fully occupied center include Linder Furniture, the Recycler and L.A. Carpet.

LONDON-Office rents in Europe were falling even before the events of 11 September dealt a further blow to business confidence, according to new research from CB Hillier Parker.

SANTA ANA, CA-Marlin-Davidson sells a 39,089-sf Santa Ana building to an appliance company. Both buyer and seller will continue to occupy the facility.

DALLAS-Sublease space is about double the norm, say researchers in their latest reports of the Dallas-Ft. Worth market. Still, there's a take-it-on-the-chin optimism that bargaining table strategies, for the most part, are keeping a lid on the pressure cooker.

NEW YORK CITY-The owner of prime SoHo real estate has fired one broker and hired another in hopes of securing a build-to-suit deal. The new marketing team is guardedly optimistic about closing a deal despite the current economy. The former broker, however, says the owner's greed has scuttled every offer to develop the property.

PHOENIX-The Phoenix region's retail market is holding its own in tough times. Vacancy is up just a shade, says CB Richard Ellis in a Q3 analysis. Two regional malls opened with occupancies above 90%. Even 60 shuttered store were quickly snatched up.