Globest Sectors

SAN FRANCISCO-The value-add apartment investor has given itself an extra year to invest the equity due in part to financial markets.

LAS VEGAS-City Center Retail lands $57.75 million in construction financing for a 95,800-sf, Hard Rock-anchored expansion of the 190,000-sf mall on the Las Vegas Strip.

PORTLAND, OR-The historic, Pietro Belluschi-designed stainless steel office tower represents the largest block of available space in the Downtown core.

IRVINE, CA-Scala Real Estate Partners plans to acquire, develop and recapitalize residential and mixed-use projects in California.

DALLAS-StarPoint Commercial begins shopping all Texas metros with a 10-year veteran as its scout for retail and office. The plan will place up to $200 million in the first year.

OKLAHOMA CITY-Accord Interests forks over $16.8 million to Albion Properties for Water Garden Apartments. A major renovation and name change are part of the plan.

HOUSTON-TA Realty Advisors' Fund VIII buys Retreat at Cypress Station from a local developer. Similar assets in the market are selling for $110,000 per door.

DEER VALLEY, AZ-The company buys five buildings, totaling 81,477 sf or half of the first phase of Alameda Business Park. The extra space will be ready to occupy in early 2008.