Globest Sectors

SAN MARCOS-Newport Beach developer is sinking nearly $2 million into facelift and office conversion for ailing outlet center.

CHARLOTTE-The home improvement chain is shooting for a summer 2002 opening at Midtown Square, according to industry sources, but the developer hasn't yet purchased the 26-acre site or bought out the leases of existing tenants at the shopping center.

KANSAS CITY, MO-Midland Loan Services merges with Univest Financial Group. Midland has a loan servicing portfolio of about $50 billion; Univest is the first company to offer a Web-enabled solution for commercial loan servicing.

VANCOUVER, WA-The Southern California-based specialty grocery chain has secured 10,000 sf at the Interstate 205-Mill Plain Boulevard interchange and plans to open up shop in the first quarter of 2001.

ATLANTA-EHCA hopes to get an OK from the state to serve the affluent, growing north metro Atlanta population.

LIVERMORE, CA- Located along the 580 corridor, construction of the four-building Copper Hill Business Park is expected to break ground in the beginning of next year. As things stand currently, the first three buildings have already been approved by the Planning Commission, with final approval of the last building expected by January.

CHICAGO-1031properties.com has signed alliances with PropertyRover, StreamingVoices.com, Ameriquotes.com and Tax Deferred Services. It has also launched two new services, the Multimedia Center and the 1031 Intermediary finder service.

WEST PALM BEACH, FL-The developers are expecting an 11% return on their $250 million investment, according to published reports. If they achieve that, it would rank the venture among the top 10% to 15% in profitability for shopping centers in the country, say industry sources.