Globest Sectors

MANHATTAN, KN-The 55,700-sf shopping center in this college town is sold to Chicago-based Heritage Property Investment Trust as Glimcher Realty focuses on its stronger markets. The center is anchored by Falley's Food 4 Less.

HIGH POINT, NC-The 24-acre manufacturing facility will be built across from another four-building plant operated by Brayton Co. on Swathmore Road. The estimated hard construction cost of the project is $17 million. High Point is 70 miles north of Downtown Charlotte.

SAN BRUNO, CA-Two development companies have purchased the San Bruno navy base with plans for a $200 million mixed-use project that will include 300,000 sf of office space, 210 apartment units and 190 senior housing units.

TUCSON-The owner of one of downtown's largest office towers says that one good-sized tenant could prompt the company to start construction on a 23-story office tower.

ORLANDO-The fast-food chain paid local lawyer/investor Hyman Lake $9.38 per sf for the 48,000-sf site at South Orange Blossom Trail and Jordan Road.

TACOMA, WA-The 13.7-acre property in the heavy-industrial waterfront area here was the only such parcel that Simpson had not yet developed. The subsidiary of Seattle-based Simpson Investment Company owns about 150 acres here, including a timber mill.

NEW YORK CITY-Mayor Rudolph W. Giuliani presented his Financial Plan for Fiscal Years 2001-2005 yesterday (Jan. 25), calling for the largest capital plan for cultural institutions and libraries on record.

STAMFORD-An investment group led by the Malkin family says it took advantage of an unsettled capital-market environment and has acquired the 810,000-sf First Stamford Place office complex here from TrizecHahn.