Globest Sectors

MACON, GA-After increasing occupancy by nearly 30%, Ocwen Federal Bank is unloading Highridge Centre, a four-story, 195,252-sf asset just off Interstate 75.

CHICAGO-High-powered real estate partnership that includes Lakeside East backers Magellan and Near North gets big construction loan from a group of banks led by Bank of America. The Grand Plaza will be built on the last remaining parcel of the AMA's formerly huge near-north land holdings.

NEWNAN, GA-The first component of a mixed-use project here is a six-acre office park geared to small high-tech business. The first buildings will be four one-story office structures designed and wired for high-tech use.

SAN DIEGO-One of the famed music venues is being planned for the Gaslamp Quarter, confirming lengthy speculation of local boosters.

BROOMFIELD, CO-A NY-based real estate investment firm is pumping $50 million into a 23-acre office campus at US 36 in this bedroom community of Denver. The existing former ski booth factory will be razed to make way for the project.

SAN CARLOS, CA-The provider of network computing solutions signs a 39,500-sf, 10-year lease at Spieker Properties Skyway Landing development. Sun will occupy the space, formerly leased to InsWeb, this December.

WASHINGTON, DC-This five-year-long construction budget was originally supposed to cost $756 million, but it has run $48 million more than projected.

ARLINGTON, VA-Hilton affiliate looks for places to expand operations in Washington metro area.