Globest Sectors

LOS ANGELES-Sumitomo Life Realty Inc. of New York sells the office tower on Wilshire Boulevard in the heart of Westwood to a private Los Angeles investment group.

MARICOPA COUNTY, AZ-Galaxy Development Group pays $12 million for the development site as negotiations progress with anchor prospects. Cotton Lane could start in early 2010.

BEDFORD, TX-The <i>Fortune</i> 500 company will move its long-term care division's HQ after 20 years in the same spot. A renovated Parkwood Plaza gets the nod.

NANTUCKET, MA-Starwood Chairman Barry Sternlicht is among the benefactors helping a foundation buy the historic building.

FALLS CHURCH, VA-ING Office Fund and a public pension fund advised by ING become 50/50 partners in the 14-story asset.

NASHVILLE-The office market scores its seventh straight quarter of six-digit absorption with 485,377 sf for the quarter and one million projected for the year.

DEERFIELD BEACH, FL-Sunbelt Marketing Investment Corp. expands from its Georgia base with pact for space at Independence Park.

ATLANTA-The North Carolina-based buyer acquires the 62,000-sf Plantation Heights which consists of ground-floor retail space and 33 apartments.