Globest Sectors

PHOENIX-With preleasing at 88%, PC & Development LLC starts work on the $12.5-million Plaza Mayor. A 30,000-sf Hacienda Market will anchor the 62,000-sf project.

SOUTHLAKE, TX-Fidelity leases a just-delivered, class A office building in Cedar Ridge Office Park. With occupancy at 100%, the JV owner has another decision to make.

NEWPORT BEACH, CA-The venture of the Koll Co. and the Public Employees Retirement System of Idaho plans to expand its 5.3-million-sf portfolio.

LAS VEGAS-The former Aladdin Resort & Casino has a new look, a new name, new movie themed rooms and the beginnings of a new timeshare addition.

SAN MATEO, CA-The Blackstone-owned company in recent days has made 650,000 sf of acquisitions and inked leases with Cisco Systems, Ericsson and Netgear totaling nearly one million sf.

LOS ANGELES-Fountain Management lines up the $28.8 million in loans and preferred equity to acquire and reposition 264 apartment units.

DOTHAN, AL-The troubled movie-rental chain has arranged a financing agreement under which Sopris Capital Advisors will fund its reorganization plan.

NEW ORLEANS-To compete in today's changing environment, retailers and landlords need to adapt to an increasingly fickle consumer, ICSC speakers say.