Globest Sectors

IRVINE, CA-Scala Real Estate Partners plans to acquire, develop and recapitalize residential and mixed-use projects in California.

DALLAS-StarPoint Commercial begins shopping all Texas metros with a 10-year veteran as its scout for retail and office. The plan will place up to $200 million in the first year.

OKLAHOMA CITY-Accord Interests forks over $16.8 million to Albion Properties for Water Garden Apartments. A major renovation and name change are part of the plan.

HOUSTON-TA Realty Advisors' Fund VIII buys Retreat at Cypress Station from a local developer. Similar assets in the market are selling for $110,000 per door.

DEER VALLEY, AZ-The company buys five buildings, totaling 81,477 sf or half of the first phase of Alameda Business Park. The extra space will be ready to occupy in early 2008.

TEMECULA, CA-The locally based Garret Group will develop the headquarters and distribution facility for Professional Hospital Supply.

NEW YORK CITY-In Manhattan's office leasing market, September availability remained steady at 7.7% with limited supply of high-quality office space.

NEW ROCHELLE, NY-Work should be completed early next year on a $40-million affordable housing project on the city's West End.