Globest Sectors

BOSTON-The Salvation Army seeks proposals from firms interested in redeveloping its state headquarters in the Back Bay area here. In doing so, the evangelical Protestant denomination joins other religious institutions looking to take advantage of the local real estate market.

SUTTON, MA-Bay State Moving Systems Inc. will consolidate its offices and warehouses, which now are spread throughout Worcester and Millbury, at South Commerce Park. The project is scheduled to be completed by mid-December.

LONDON-Fears Surrounding the imminent demise of the UK commercial property market may be hugely overstated, according to research released today by agency Knight Frank. The case for investment in commercial property still remains strong.

SAN DIEGO-Construction for the new $10.8-million Plaza at Scripps Northridge is

LOS ANGELES-The 141,918-sf complex has been sold to a limited liability company. It is the second large office sale to occur in the county in the past week.

AUSTIN-It's time to court all types of companies: those that are here and those that might be willing to come, says a leading local economist. For too long, the focus on been on dealing with Austin's rapid growth rather than seeking more corporate residents.

MESA, AZ-A trio of investors has sold its 19,200-sf retail center at the corner of Broadway and Dobson roads in Mesa. A Tempe-based investor puts up about $1.5 million or in excess of $75.50 per sf for the 96%-occupied holding.

ATLANTA-The locally based multifamily developer hits 100% occupancy at the 452-unit Vinings community located just off Interstate 285 in northwest of Atlanta.