Globest Sectors

CLERMONT, FL-The old 45-foot high limit is still in the code books but this Orlando bedroom community may find a technical exception now that the fire department's new ladders can reach 60-foot high structures.

BALTIMORE, MD-T. Rowe Price has signed a 29,564 sf lease expansion for the Baltimore Building for an undisclosed amount. This brings the 272,178 sf, 28-story office tower to 100% occupancy.

WASHINGTON, DC-A March 2 deadline for public comments has been imposed by the Federal Reserve Board for its proposal that, if adopted, would allow national bank subsidiaries to broker real estate transactions.

GREENWICH, CT-Urstadt Biddle Properties Inc., a retail REIT, reported a slight increase in funds from operations for fiscal year 2000 and a drop in net income due mainly to bankruptcy filings by some of its tenants.

NAPERVILLE, IL -A large new warehouse, with a small office component, is on the market in DuPage County, west of Chicago.

SAN JUAN CAPISTRANO, CA-Local retailer of snowboards and skates is expanding with a new lease for a location at the Gotcha Glacier Project in Anaheim, which is scheduled for completion in 2002.

LOS ANGELES-The Beverly Hills-based group adds 59-unit complex on Cloverdale Avenue to its portfolio of investments.

CLEARWATER, FL-The 102-year-old, Miami-based department store chain is taking 65,000 sf for 15 years at the 90,011-sf Village at Countryside where it will house a Burdines Furniture Gallery, 80 miles west of Downtown Orlando. The estimated value of the lease is $12 million. The store sold its 180,000-sf location at the nearby Clearwater Mall for $4.75 million or $26.39 per sf.