Globest Sectors

PHOENIX-Brookwood Financial Partners closes on its first Phoenix deal this year, a 181,629-sf office building. The owner of three other Arizona properties plans to spend up to $100 million in the next 18 months in the state.

ORLANDO-In Central Florida's biggest office deal of the year, Inland Real Estate Acquisitions Inc. of Oak Brook, IL paid an estimated $88 million for 440,000 sf of class A space in three of the four existing office buildings at the 109-acre Celebration Place Office Park in Celebration, FL, 20 miles south of Downtown Orlando.

LA JOLLA, CA-The Los Angeles-based developer expects to open a 210-room resort adjacent the University of California at San Diego. Completion of the Blackhorse Hotel is slated for 2004.

CHICAGO-Add the south suburb to a list that already includes Rockford and Waukegan seeking to lure the riverboat casino some still believe is headed to northwest suburban Rosemont despite the Illinois Gaming Board's taking back the 10th license from Emerald Casino, Inc.

ORLANDO-One of the fastest-growing active retirement communities in the United States, the 20-year-old, privately owned Lady Lake, FL venture has fought off a protracted lawsuit aimed at barring the construction of 43,000 new homes, four million sf of retail, 2,000 acres of golf courses and two town centers on 7,000 acres, 60 miles northwest of Downtown Orlando.

STAMFORD, CT-AvalonBay Communities has acquired Avalon at Greyrock, a 306-unit high-rise in downtown Stamford for $69.9 million. The move greatly increases its presence in the lower Fairfield County marketplace.

LONDON-The AIM-listed property developer and trader Halladale Group in a joint venture with Citigroup Alternative Investments has bought a mainly retail portfolio from Henderson Global Investors and the United Bank of Kuwait's Opportunity Fund.

WAUKEGAN, IL-Tricon Global Restaurants, Inc. will build a Pizza Hut restaurant on a 23,522-sf site at the Lake Plaza retail center at Route 120 and Green Bay Road it acquires from Simon Properties for $188,179.