Globest Sectors

BURBANK, CA-The 82-unit complex is near the Warner Bros. Ranch lot and NBC Studios in the Burbank Media District. The Palo Alto seller makes a profit after holding it less than 18 months.

LONDON-Royal London Asset Management has sold Ames House at 6-7 Duke Street in St James's, London SW1 to Standford Properties for pounds 8.45 million ($13.5 million) reflecting a net initial yield of 5.7%.

DEDHAM, MA-The Massachusetts Bay Transportation Authority puts out a request for proposal for a developer to acquire and develop a 37-acre parcel that once served as a train yard on the Readville-Dedham line. The agency says that interest in the site is high.

NEW YORK CITY-After five years of overseeing business development at the WTCA, Robert DiChiara has been promoted to executive vice president of the not-for-profit organization. He joined the organization in 1997.

OAKLAND, CA-The City of Oakland plans to sell Preservation Park, a complex of restored houses that provides office space to nonprofit organizations, to raise money for the Forest City project.

CEDAR KNOLLS, NJ-Greenwich Home Mortgage has grown its presence to more than 18,600 sf at Geometry Realty's Cedar Knolls Corporate Center after a lease transaction arranged by GVA Williams.

LONDON-Kenmore has made its first purchases outside the UK, investing almost euro 30 million ($32 million) in standing industrial investments and a pre-let warehouse in the Ile de France Region. And it claims to have a pounds 100 million war chest to acquire a substantial French industrial portfolio.

CHICAGO-Trizec Properties Inc. president and CEO Timothy H. Callahan says the company is not ready to put the 110-story building on the market after it assumes ownership this quarter. "That doesn't mean we won't do so at some point in time," he adds.