Globest Sectors

LOS ANGELES-The renovation of the 70,605-sf facility is being celebrated today with a ribbon-cutting ceremony. Touted as West Hollywood's first class A office building, the property formerly housed the Playboy Corp.'s headquarters.

BELLEVUE, WA-While much of the printed word of late has focused on the gruesome situation many Eastside office building owners are facing, not enough has been said about the glorious opportunity it presents for those still able to take advantage -- and their brokers.

BURLINGTON, WA-As the retail hub of Skagit County, the small northwest Washington town of Burlington between Seattle and Vancouver, B.C. is prospering. It is attracting new developments of all types in ever-increasing numbers--and traffic problems that mimic urban snarl.

LOS ANGELES-The nonprofit Trust for Public Land gets option from developer to purchase another 20% of the 1,087-acre Westside project. The 193 acres are currently targeted for 4,400 homes and 220,000 sf of commercial space.

ATLANTA-James A. Fleming, a law partner in Fleming & Ray, is the new senior vice president, general counsel and secretary at the locally based REIT. He replaces Tom G. Charlesworth who was promoted to executive vice president and chief investment officer in January of this year.

SANTA ANA, CA-The five-year deal for 38,970 sf has been inked by a long-term tenant of the building. The transaction follows another recent office deal in Santa Ana, in which an office suite was leased for $1.2 million.

ANAHEIM, CA-The facility encompasses 55,000 sf. Buyers continue to snatch up industrial property countywide, as the industrial market has been keeping steady.

LONDON-FPD Savills finds that 800,000 people face very limited household choices. A government commission reports that 43,000 extra homes will be needed every year for the next decade to alleviate the housing shortage.