Globest Sectors

AUSTIN-The San Antonio-based bank takes 52,000 sf in the 33-story CBD high-rise to boost the pre-leased space to 46%. Frost Bank becomes the largest space taker of the five leases signed to date. The building opens in January 2004.

KIRKLAND, WA-The marketer of cellular service tells GlobeSt.com it has "pretty much wrapped up" its search for some 36 new store locations in 31 states as it seeks to tap into the high end consumer market.

PORTLAND-The Portland Development Commission approved Wednesday a nearly three-fold increase in its lease commitment at Parkside Business Center, an office building located adjacent PDC's Downtown headquarters at the south end of Fourth Avenue.

ONTARIO, CA-The Irvine-based investment firm now owns all three office buildings in the 322,000-sf Empire Towers development. A $17.8-million loan and $4.7-million equity partner buy the extra 145,239 sf of class A office space.

SHERMAN, TX-NewQuest Properties of Houston has the ground crew moving on a 100-acre tract to mark its inroad into North Texas. The 700,000-sf town center, situated 65 miles northeast of Dallas, is about 65% pre-leased.

NEWTON, MA-Senior Housing Properties Trust spends $61 million for 18 Alterra Healthcare Corp. properties in 10 states across the US and provides Alterra with a $6.9 million financing package. Alterra filed for bankruptcy protection in January.

SOUTH LYON, MI-More than 140 vacant acres on two parcels could become

SAN FRANCISCO-In the largest lease the CBD has seen in a couple of years, the locally based international law firm Orrick Herrington and Sutcliffe leases the top four floors of a new 10-story Downtown building developed by Wilson Meany Sullivan for Equity Office Properties.