Globest Sectors

CHICAGO- The nation's largest industrial REIT has reached a preliminary agreement to sell its huge 50-property, Long Island portfolio to an undisclosed buyer. The trust says its eight-market, nationwide disposition plan continues to move forward.

ORLANDO-In an exclusive interview with GlobeSt.com, Orlando developer George D. Livingston, president of the Paris-based International Real Estate Federation, representing 1.5 million professionals in 50 countries, says so-called smart-growth policies "lead to economic advantages and political gains for the few.

SEATTLE-The new center, to serve as a subpolice station among other things, will be opened around the clock, helping to reduce crime and make the area more attractive to shoppers and businesses.

ORLANDO-The host of TV's Bill Nye the Science Guy charged the theme park company illegally used his likeness on attractions at Epcot at Lake Buena Vista, FL. Disney denied the allegations. The suit sought $500,000. Settlement terms weren't disclosed.

ORLANDO-GC Cos. of Chestnut Hill, MA, parent of General Cinema Theaters Inc., is shuttering four local properties today with a total 28 screens after apparently failing to find a buyer for the financially-strapped assets. The other theaters are in Boca Raton, Coral Gables, Plantation and Palm Beach Gardens.

OCEANSIDE, CA-The planning commission approves site plans for a $1 billion project by a company that will become the city's largest private employer. The long-range plan calls for 14 office and industrial structures on a 60-acre site.

NEW YORK CITY-Alliance termed "a critical step" in GlobeSt.com's campaign to be the primary destination for original and timely commercial real estate-related content on the Internet.

DENVER-More than $150 million is being spent to develop two multifamily complexes with a combined total of over 1,000 units. Jumping on Central Platte Valley's development bandwagon are Denver-based Archstone Communities and Houston-based Greystar Capital.