Industrial

ATLANTA-CNB Holdings Inc. of suburban Alpharetta, GA, is at $100 million in assets from $55.5 million in the year-ended period of Sept. 30, 2000, an 80% increase. The two-branch bank's broad range of products include commercial real estate lending and residential mortgage services.

ORLANDO-Lowe's Cos. Inc. of Wilkesboro, NC and Wal-Mart Stores Inc. of Bentonville, AR are scouting the local market for a 150-acre-plus site to build a one million-sf to two million-sf distribution center, land brokers intimate with the search tell GlobeSt.com

CAMBRIDGE, MA-Amgen Inc. moves into an eight-story, 285,000-sf laboratory and research facility here in the heart of the city's biotech center. This is the company's first foray into the area.

SALEM, OR-The names of the companies and the extent of their plans are being held close to the vest at this time, but one would manufacture sports equipment in the Portland area and the other wants to produce printer components in Salem. Both would be built next year.

MINNEAPOLIS-The $2.7-billion expansion was to include a new north-south runway by 2010. The carrier that accounts for the majority of flights at Minneapolis-St. Paul International Airport is cutting 20% of its routes, however.

LONDON-Royal London Mutual Insurance has continued the process rebalancing its portfolio in the wake of its merger with Scottish Life. Three large distribution units in the Midlands and North-West are the latest to have been sold.

LOS ANGELES-The third-party logistics company has inked a five-year, $5.3-million lease to occupy the industrial space, which is located in Santa Fe Springs.

NEWPORT BEACH, CA-The locally-based company has sold the 27,603-sf facility to a company specializing in the installation and engineering of telecommunications equipment. The Inland Empire continues to attract industrial tenants, even in the face of a sluggish economy.