Globest Sectors

SCOTTSDALE, AZ-JPI of Irving, TX has hawked its 539-unit Jefferson at Scottsdale for $54 million in a record-breaking price for the region. The $100,185 per unit price is $26,645 higher than the average.

ATLANTA-The state Department of Community Affairs and the Georgia Regional Transportation Authority will require development of regional impact studies on retail projects over 300,000 sf and office deals over 400,000 sf.

HOUSTON-An ad agency's downsizing has sparked a tenant shuffle in the 25-story BHP Tower. McCann-Erickson has subleased its space, inked a bridge lease and a more permanent pact all for the same building.

ST. PAUL, MN-A proposed property tax overhaul also would simplify and reduce the state's complex commercial-industrial property tax system. The plan also would restructure the corporate income tax.

SUN VALLEY, CA-Triscenic Production Services pays privately held LJK Properties $2.2 million for a 35,100-sf industrial project in this LA suburb. The building contains 5,200-sf of office space.

ARLINGTON, TX-The Southwest BOMA Region has its TOBY picks ready to head to the national competitions in Baltimore. The 15-year-old Brookhollow II's property manager is optimistic it will win its category.

CHARLOTTE-The locally based company has about two million area customers, 75% of them in North Carolina. Duke is also providing energy to California.

STAMFORD, CT-Grubb & Ellis officials say that the slowdown that has taken place in Westchester County in early 2001 is minor and that the fundamentals of the office market remain healthy.