Globest Sectors

SEATTLE-Rising vacancies, falling rents and a prediction for net-out migration in Seattle this year. A study just released by Paragon Real Estate Advisors says the downtown apartment market may be overbuilt--for the first time ever.

CAPITOL HEIGHTS, MD-Hampton Overlook office/flex space complex and Hampton South Business Centre warehouse sell for a combined $12.4 million to AFL-CIO Building Investment Trust.

WESTMINSTER, CO-A 12-acre site is the last large, undeveloped piece of ground in the 30-year-old Ranch community. Principals from the Vintage Marketing Group and Loup Development, including US Ambassador to the Vatican Jim Nicholson, are involved in the project.

MIAMI-The locally based telecommunications management and real estate company lost $33.9 million in the first nine months of 2001 compared to a loss of $32.2 million in the same 2000 period. Third-quarter Data Center revenue is up 72% to $700,000 from $400,000 in the same 2000 period.

CHICAGO-The plan commission punches CMC Heartland Partners III, LLC's ticket for a 1,694-unit residential development with more than 50,000 sf of retail space, including a Jewel food store to serve a booming neighborhood northwest of the Loop and commuter rail terminals.

BOSTON-Modern Continental Enterprises removes Trammell Crow Co. from its position as exclusive leasing agent for Independence Wharf, the 335,000-sf office building located on Atlantic Avenue in the financial district, and gives the contract to Cushman & Wakefield.

SAN DIEGO-99 Cent Only Stores leased 16,200 sf of retail space in Clairemont Town Square for 10 years. 7-Eleven signed a 20-year lease for 28,444 sf in the Valhalla Village Retail Center in El Cajon.

DENVER-Brewery Bar II, a popular eatery at the edge of Downtown Denver, is opening a second location in the Entertainment District in the recently created city of Lone Tree. Wynkoop Brewing Co. is opening the first "brew-pub" in the Capitol Hill neighborhood east of the Central Business District.