Globest Sectors

PHOENIX-Downtown's largest hotel is for sale, and the owners, who have put $20 million in improvements into the property, are looking for offers in the nine-figure range.

ORLANDO-Michael Heidrich, director of industrial and land sales/leasing at locally based Realvest Partners Inc., tells GlobeSt.com potential tenants continue to go after bulk distribution and office/ware/house/flex space in Orlando's 90 million-sf industrial market.

FARMINGTON HILLS, MI-Demand for good office space in Detroit and the Metropolitan Area will soften in next five years, but it will still exist, said the company.

AUSTIN-The Calendar Club already has flipped the page to April when it will be moving into an extra 54,000 sf at the Expo Business Park. The deal's signed and the plans are in the works for the nationwide chain, which now occupies 124,000 sf.

NEWARK, CA-Officials at Ohlone Community College are eyeing a 43-acre former salt-ponds parcel here as a potential site for a new campus devoted to high-tech teaching. The city of Newark has been leasing the land from Cargill since last year.

WOODBRIDGE, NJ-The Gilbert organization, buying the facility it had been leasing, needed the space permanently to handle its increasing volume of business. Blau & Berg was the agency handling the transaction.

MANHATTAN, KN-The 55,700-sf shopping center in this college town is sold to Chicago-based Heritage Property Investment Trust as Glimcher Realty focuses on its stronger markets. The center is anchored by Falley's Food 4 Less.

HIGH POINT, NC-The 24-acre manufacturing facility will be built across from another four-building plant operated by Brayton Co. on Swathmore Road. The estimated hard construction cost of the project is $17 million. High Point is 70 miles north of Downtown Charlotte.