Globest Sectors

ANN ARBOR, MI-University of Michigan students will benefit from both complexes, which will have residential space at one and research facilities at the other. Students will work with residents, studying the effects of aging.

DALLAS-The sting of losing a 21-year-old lead tenant this summer goes away as KPMG signs a 12-year, $35-million pact for 200,000 sf at Maxus Energy Tower, situated at 717 N. Harwood. The Dallas CBD deal sets the stage for a new era and new name.

BRISTOL-Warner Estate has bought West Gate, a prominant 91,000-sf office building on Bristol's Colston Avenue. The deal underlines Warner's transformation from residential landlord into a player in the commercial market.

NEW YORK CITY-A local REIT with a minor interest in a Penn Station-area office tower spends $29 million to bring its stake up to 49.9% and secures an $85 million mortgage on the property at the same time.

STERLING HEIGHTS, MI-Financial and professional services have leased more than 66% of the new, 30,788-sf Sterling Plaza phase II office building just four months after its completion, its leasing agent says.

OAKLAND, CA-Developers and building owners who choose to take advantage of Oakland's free energy consulting service are finding that it is well worth the effort. One developer has cut costs by $1.5 million.

MINNEAPOLIS-The $2.7-billion expansion was to include a new north-south runway by 2010. The carrier that accounts for the majority of flights at Minneapolis-St. Paul International Airport is cutting 20% of its routes, however.

WASHINGTON, DC-The rise is seasonally adjusted. On an unadjusted basis, the measure declined 22.7%, but was up 76.7% compared with the same week a year ago.