Globest Sectors

LONDON-Cheapside, the prime retail pitch in the City of London, could be set for a surge in rental values according to a new survey from agent Churston Heard and economic analysts Business Strategies.

AUSTIN-Rising office vacancy has hit the pocketbook of building owners, with rent dipping 42 cents per sf between first quarter and Q2 closings. The average now rests at $27.15 per sf, with the CBD being hardest hit as rates plummet $4.20 per sf.

TACOMA, WA- Two local residents have been found guilty of 11 counts of conspiracy, mail fraud and bank fraud in a real estate scheme that cost victims $2 million.

DENVER-Commercial real estate brokers and lawyers who were against last year's Constitutional Amendment to control growth say they might vote for it if legislators don't compromise.

SAN DIEGO-The dot-com meltdown fluffed up the county's office vacancy in the first six months of the year, according to statistics from CB Richard Ellis.

LAKELAND, FL-The 187-unit multifamily Angler's Cove Manufactured Community received $2.85 million and the 153-unit Angler's Cove West Manufactured Community obtained $2.35 million in separate refinancings brokered by Collateral Mortgage Capital of Birmingham, AL. Lakeland is 40 miles south of Downtown Orlando.

WASHINGTON, DC-CarrAmerica Urban Development LLC, a subsidiary of CarrAmerica Realty Corp. has been selected to assist in developing a second headquarters for the International Monetary Fund adjacent to its current headquarters.

DENVER-The area near Coors Field draws the attention of Stephen Owen, whose $40-million Lofts on Park Avenue plan includes renovating an existing 70,000-sf office building as well as constructing 112 new lofts.