Globest Sectors

TACOMA, WA-City officials are inching closer to negotiating a purchase and sale agreement for a new hotel on the Greater Tacoma Convention Center site.

BOCA RATON, FL-The real estate investment trust reports the weighted average gross rental rate on new leases signed increased $12.39 per sf over the second quarter.

PHOENIX-Arcadia Villa Apartments LLC has realized more than $8.3 million for a 169-unit complex in the Camelback Corridor. A Minnesota investment firm's price bests in excess of $49,000 per unit.

AURORA, CO-A location where most of its employees live helped drive Land Title Guarantee Co.'s decision to lease CMD Realty Investors' Forum recently renovated building at 14001 E. Iliff Ave.

LONDON-Royal London Mutual Insurance has continued the process rebalancing its portfolio in the wake of its merger with Scottish Life. Three large distribution units in the Midlands and North-West are the latest to have been sold.

The 241-unit Renaissance Plaza project, a public/private venture originally scheduled for delivery in July, will begin quietly letting tenants start moving in over the next few weeks.

MIAMI-The nation's second-largest homebuilder intends to occasionally issue the new securities primarily for acquisitions purposes.

SAN DIEGO-While other high-tech firms are laying off thousands, a semiconductor manufacturer has expanded into a new, larger facility in the Rancho Bernardo area.