Globest Sectors

STERLING HEIGHTS, MI-Financial and professional services have leased more than 66% of the new, 30,788-sf Sterling Plaza phase II office building just four months after its completion, its leasing agent says.

OAKLAND, CA-Developers and building owners who choose to take advantage of Oakland's free energy consulting service are finding that it is well worth the effort. One developer has cut costs by $1.5 million.

MINNEAPOLIS-The $2.7-billion expansion was to include a new north-south runway by 2010. The carrier that accounts for the majority of flights at Minneapolis-St. Paul International Airport is cutting 20% of its routes, however.

WASHINGTON, DC-The rise is seasonally adjusted. On an unadjusted basis, the measure declined 22.7%, but was up 76.7% compared with the same week a year ago.

LONDON-Compco Holdings has bought a group of historic buildings in Midtown from the Prudential. The 42,000 sf of offices, dating from 1545, are thought to have strong growth prospects.

TACOMA, WA-City officials are inching closer to negotiating a purchase and sale agreement for a new hotel on the Greater Tacoma Convention Center site.

BOCA RATON, FL-The real estate investment trust reports the weighted average gross rental rate on new leases signed increased $12.39 per sf over the second quarter.

PHOENIX-Arcadia Villa Apartments LLC has realized more than $8.3 million for a 169-unit complex in the Camelback Corridor. A Minnesota investment firm's price bests in excess of $49,000 per unit.