Globest Sectors

CHANDLER, AZ-Fairfield Residential has started yet another apartment complex in the Valley. The 288-unit Cantera in Chandler is being positioned on 20 acres, recently bought for more than $2 million.

BELLEVUE, WA-The locally based Laptop Lane has announced the opening of its newest business center at Seattle-Tacoma International Airport. The new Laptop Lane location in the North Satellite, between gates N8 and N9, is the ninth store the company has added this year.

NEW YORK CITY-Put up for bid in April by Sara Lee to dispose on non-core assets it acquired in 1999, the six leaseholds have an average term of 20 years. The former diners range in size from 10,000 sf to 16,000 sf.

HOUSTON-Marcus & Millichap is predicting another 5% hike in flex office rents by year's end. Investor interest is strong, fueled by a hardy local economy, a brisk energy industry and lower borrowing rates.

SAN ANTONIO-Two industrial companies are on the move in San Antonio. Gerloff has temporarily signed for three-fourths of a spec project while crews complete a facility at its home base. Meanwhile, Klinger has downsized to meet a changing business model.

BREMERTON,WA-Plans to develop a high-tech business park west of Kitsap Lake are moving forward, after legal challenges posed by two citizen groups have been dropped.

TROY, MI-The new development will bring in a 45,000-sf office building and 140 condominiums in an already strong commercial and residential market. A 100,000-sf church also is being built on the 84-acre site.

WAKEFIELD, MA-A group of local activists prevent developers from building on one of the last few remaining parcels of lakefront property here. The group raised over $1.2 million to develop a park on the site instead.