Globest Sectors

BIRMINGHAM-United Bank of Kuwait has agreed to forward-fund an office 24,000-sf building on Development Securities' Birmingham International Park just as a serviced office provider agrees to lease it.

ATLANTA-CNB Holdings Inc. of suburban Alpharetta, GA, is at $100 million in assets from $55.5 million in the year-ended period of Sept. 30, 2000, an 80% increase. The two-branch bank's broad range of products include commercial real estate lending and residential mortgage services.

ORLANDO-Lowe's Cos. Inc. of Wilkesboro, NC and Wal-Mart Stores Inc. of Bentonville, AR are scouting the local market for a 150-acre-plus site to build a one million-sf to two million-sf distribution center, land brokers intimate with the search tell GlobeSt.com

ST. PAUL-After looking elsewhere in the Twin Cities, the public radio network will buy a nearby building and connect it to its current headquarters creating a new 150,000-sf complex.

CAMBRIDGE, MA-Amgen Inc. moves into an eight-story, 285,000-sf laboratory and research facility here in the heart of the city's biotech center. This is the company's first foray into the area.

MOUNT LAUREL, NJ-The township wants to bolster its non-commercial uses and has hired a top engineering firm to analyze the situation and make recommendations.

ARLINGTON, MA-This town is taking a regional approach to development in the area by asking neighboring Belmont and Cambridge to join it in a tri-community development district. Similar districts have been established in other areas of eastern Massachusetts.

ORLANDO-Five days after a 40,000-sf store mysteriously burned to the ground in south Orlando, fire department investigators continue to probe and analyze the debris for clues that may show the pre-dawn blaze was purposely set.