Globest Sectors

NEW BRUNSWICK, NJ-The 18-story building will house the Stem Cell Institute of New Jersey and other medical research operations.

CHICAGO-The historic Rookery building, at 209 S. LaSalle St., is being sold by Broadway Real Estate Partners LLC, which bought it last year for $56 million.

LOS ANGELES-The partnership of the Buxbaum and Amerland groups acquires the Rosslyn Hotel in Downtown L.A. for a conversion to 300 affordable and market-rate apartments.

HONG KONG-The firm hires three executives for corporate, investment and project management divisions in a multi-pronged bid to become the country's market leader.

WEBSTER, MA-The New York REIT continues to expand its holdings in southern New England with its 14th acquisition, buying Price Chopper Plaza for $17.7 million.

HOUSTON-The sellers end a six-year hold with the pass to Warburg Pincus Real Estate and Crestline Hotels & Resorts. Sources say the asset rang up $60 million to $70 million.

PHOENIX-Researchers say 3.2 million sf to 3.5 million sf of office space will deliver within six months. There is concern since Q3 reports put the highest absorption at 555,719 sf.

PEARL, MS-Spectrum Capital will begin the 166-acre project's phase two in Q2 2008. The 315,000-sf Outlets of Bloomfield will rise simultaneously with a 132,000-sf Sam's Club.