Industrial

DALLAS-In simultaneous closings, Cobalt Capital gets 3.2 million sf of 90%-leased industrial space in seven cities from Rreef, Lincoln Property Co. and local owners.

WEST CHESTER, OH-First Industrial Realty Trust Inc. bought the five-building Union Commerce Center, the four-property Commerce Park Plaza and another site.

FLOWER MOUND, TX-Granite begins work on 90,200-sf and 61,800-sf buildings in the park after several tenant prospects clamor for new yet smaller distribution spaces.

DALLAS-Transwestern Dallas and Delta Associates kick off the forecast season, predicting the region's fundamentals stay in the black as the nation's economy slows.

NEW YORK CITY-After a 90-day RFP period, five bidders submit proposals to be evaluated by MTA staff and Hudson Yards Development Corp.

NEWARK-Summit Associates will break ground in 2008 for the new development on a 42-acre site recently acquired from Coca-Cola.

SEATTLE-Jim Claeys, a former top multifamily producer with CB Richard Ellis, is running the local operation and will direct the expansion south into the Portland.

WILLIAMSPORT, MD-A long-term leased signed by Rust-Oleum will continue to add value to the building as the company is likely to expand.