Globest Sectors

ANAHEIM, CA-Separate buyers acquire all six buildings in the development company's recently converted Lakeview Business Park. The 165,000-sf complex is the former home of a packing plant.

AUSTIN-Seattle's Best Coffee lines up a franchise partner to develop 13 cafes in Austin and three in Waco. The first of the RTG Business Enterprises-owned cafes could open by January. Competitor Starbuck's has 27 locations in the markets.

POWAY, CA-An $11-million, 80,878-sf deal closes at the Parkway Centre Five Business Park along with a $7-million, 37,627-sf deal at the Parkway Tech Center close. The lessees are Remec Inc. and GenRad Inc., respectively.

PORTLAND-A legal dispute over the city's systems development charges related to Downtown's newest office tower is settled with developer Tom Moyer receiving a $123,326 refund.

WASHINGTON, DC-The Service Employees International Union (SEIU) says Boston Properties' collection of undeveloped land has grown at a potentially hazardous pace. SEIU's Boston Properties Watch--the union's information service that operates independently of the REIT--reports that Boston Properties' land bank has increased by 45% over the last 18 months.

ALAMEDA, CA- The City of Alameda had originally allotted a $2.9 million budget for the project, but the full job will cost double this amount. The work will be completed in three phases.

ATLANTA-With a $33.5 million bid, Empire won out over 25 competitors for the 21-year-old, 608-unit, 90%-leased Northridge Lake Apartments in suburban Dunwoody/Sandy Springs.

BURBANK, CA-Investment banker L.J. Melody arranges package from Principal Capital for Menlo's Burbank Empire Center office complex. The development will open next spring.