Globest Sectors

DENVER-The $12-million Clyburn Apartments will be occupied by residents 55 years old or older making less than $33,000 a year. The 100 units are the first of 4,000 multifamily units coming to the redevelopment of Stapleton International.

ORLANDO-The triple-B rating from triple-B-plus comes as the New York-based bond-ranking agency worries the sale of the county's refunding revenue bonds could be affected by the civil lawsuit Lake has filed against Fairfield, NJ-based Covanta Energy Corp. to regain control of the 13-year-old, 100-acre incinerator complex near Okahumpka, FL.

PORTLAND-The Teachers' Retirement System of the State of Illinois this week sells a 50% stake in 1.2-million-sf Clackamas Towne Center shopping mall to General Growth Properties as part of a new joint venture between the two entities. GlobeSt.com reported two weeks ago that the mall's ownership may be changing.

PHILADELPHIA-The Cleveland, OH-based global paint and decorating industry giant renews and expands its lease at the corporate center in Malvern, PA, making it the company's northeast headquarters. According to published

MIDLAND, TX-The limited partnership borrower takes out the loan through Dallas' Malone Mortgage. Secured by HUD's Multifamily Accelerated Processing program, the 30-year loan is fully assumable.

GRANBY, CO-A 50,000-sf to 60,000-sf King Soopers or City Market will be the next addition to this $450-million residential community boasting an 18-hole golf course, an on-mountain Alpine Club, marina and beach club.

LOS ANGELES, CA-Superior Court Judge David Yaffe decided against the Los Angeles-based real estate investment trust in its bitterly fought battle with Thomas Properties over a proposed development in El Segundo.

DETROIT-In addition to 10 restaurants opening on East Coast, the Columbus, OH-based Damon's Grill plans an equal number in the state, primarily on the eastern half, as part of its push to reach 300 stores.