Globest Sectors

LOS ANGELES-Soaring temperatures across the state are expected to cause a second straight day of outages today. More than 100,000 commercial and residential property owners lost power Monday.

ATLANTA-Former chief financial officer Dennis Carey will oversee construction and store planning as the newly named executive vice president of business development, strategy and corporate operations where his responsibilities will include monitoring the company's real estate portfolio.

SAN FRANCISCO-Dan Harvey and Jim McPhee have completed more than 400 transactions valued well in excess of $1 billion dollars since beginning their partnership in 1987. They are now senior vice presidents with Jones Lang LaSalle.

SCOTTSDALE, AZ-JPI of Irving, TX has hawked its 539-unit Jefferson at Scottsdale for $54 million in a record-breaking price for the region. The $100,185 per unit price is $26,645 higher than the average.

ATLANTA-The state Department of Community Affairs and the Georgia Regional Transportation Authority will require development of regional impact studies on retail projects over 300,000 sf and office deals over 400,000 sf.

HOUSTON-An ad agency's downsizing has sparked a tenant shuffle in the 25-story BHP Tower. McCann-Erickson has subleased its space, inked a bridge lease and a more permanent pact all for the same building.

ST. PAUL, MN-A proposed property tax overhaul also would simplify and reduce the state's complex commercial-industrial property tax system. The plan also would restructure the corporate income tax.

SUN VALLEY, CA-Triscenic Production Services pays privately held LJK Properties $2.2 million for a 35,100-sf industrial project in this LA suburb. The building contains 5,200-sf of office space.