Globest Sectors

LINCOLNTON, NC-This North Carolina sector, some 40 miles northwest of Charlotte, is flourishing these days by giving tax breaks to new or expanding companies.

RALEIGH, NC-The region around Cary, NC, just west of Raleigh, has become one of the fastest growing office submarkets in the Triangle.

NEWHALL, CA-Curtain is raised on restored theater, which local officials hope will ignite more development and redevelopment in their quaint but tired central business district.

DALLAS-Realty Capital has signed Kennedy-Wilson as its exclusive leasing agent for a 35,000-sf spec office project in Plano. The two-story building will come to market in August 2001.

HOUSTON-Camden Property Trust expects to end the year on a high note, based on results from the third quarter. The FFO's up; revenues are too and so are occupancies--all positive signs that the tide is turning.

REDMOND, WA-For a little more than $10 million, the ever-expanding company has secured a 307,000-sf lot at 3650 148th Ave. N.E. with 136,765 sf of office and warehouse structures from Allegiance Health Care Co.

SAN DIEGO-The inancially ailing REIT took both legal and financial hits during a disastrous third quarter. After a running battle with dissident investors over the value of the firm, the board decided to liquidate the company.

NEW YORK CITY-Last night in the posh Metropolitan Club, speakers invited by Cushman & Wakefield to speak on the future face of the commercial real estate market pronounced this city's future the brightest of all.