Globest Sectors

ATLANTA-Seven office buildings, previously considered for sale by their owners, are back on the table as part of separate transactions, Mark Lucas, a managing director and market leader in JLL's local office, tells GlobeSt.com.

LAFAYETTE, CA-The Lafayette-based purveyor of tenancy-in-common transactions is expecting its exponential growth during the first half of 2003 to continue, with projected year-end results in excess of 250 completed transactions and real estate value approaching $500 million.

HOUSTON-The Fiesta at 6, set to deliver in August, has hit the 50% pre-leased mark. Four leases are out for signature and the one that's back is an 8,000-sf Family Dollar, which committed to a 10-year contract.

DALLAS-Ross Perot Jr. wastes no time in backfilling a hole from a developer who took a bye a few months ago. Starwood and Gatehouse Capital will help debut a plan with a 251-room W Hotel, 94 condos, 25,000 sf of retail and some office space.

ESTES PARK, CO-The Wild Basin Lodge, featuring 13 acres with river frontage, a full bar and lounge and five sleeping rooms, will be auctioned off on September 30th. A minimum bid of only $1.95 million includes not only the real estate, but also all equipment and furnishings needed to continue the business uninterrupted.

BURBANK, CA-With the first phase of Burbank Entertainment Village almost done, the theater chain picks Champion Development of Los Angeles to build the second phase of 209,012 sf of retail, a pedestrian plaza and two parking garages.

BOSTON-The Boston Wharf Co. sells its vast real estate portfolio in the waterfront's Fort Point Channel to New York-based Tishman Speyer Properties. The deal involves 44 industrial buildings which were sold for a reported $500 million.

PORTLAND-Intended uses of the incentive funds include a wide variety of expenditures, ranging from infrastructure needs (such as sewer or water extensions), to permit fees, tenant improvements and site acquisition.