Globest Sectors

OXNARD, CA-AstroCosmos Metallurgical has signed a 10-year lease valued at $3.9 million. The company will be expanding its headquarters into a 70,000-sf facility here.

YPSILANTI TOWNSHIP, MI-K&M Engineering and Consulting Corp. of Arlington, VA plans to build a natural gas-fired plant to sell electricity to service providers. The project would be built on 20 acres bounded by two junkyards.

HOUSTON-TradeSpark moves into 18,748 sf at 1301 Fannin, a class A CBD property that's now 90% occupied. The tenant is an energy brokerage consortium with Cantor Fitzgerald as a lead player. In light of 9/11, it was decided to expand locally.

ATLANTIC CITY, NJ-The old Million Dollar Pier, rebuilt almost 20 years ago to resemble an ocean liner, will be shuttered entirely for 18 months by owner Park Place.

ATLANTA-Masterfoods USA of Cleveland, TN, a division of Hackettstown, NJ-based Mars Inc., is adding a new line, Cookies And, to its brand of chocolates. No major building construction was involved in the expansion of the Tennessee plant.

ALBUQUERQUE-Occupancy stands at 92.4% in a city with 16,825 units in 68 properties. It's a 0.6% drop from fourth quarter 2001 and 1.7% under last year's first quarter total. The slight decline could stall permitting, says RealFacts.

WASHINGTON, DC-The $60-million mixed use development known as Terrell Place is well under way with construction having already begun on the 480,000-sf, multi-structure complex.

CHICAGO-The Morgan Park and Austin neighborhoods on the city's far South and West Sides are getting two-story, 43,000-sf police stations to replace outdated facilities. Their arrival also is expected to spur new retail development, especially in Austin.