Office

BRISTOL-Warner Estate has bought West Gate, a prominant 91,000-sf office building on Bristol's Colston Avenue. The deal underlines Warner's transformation from residential landlord into a player in the commercial market.

NEW YORK CITY-A local REIT with a minor interest in a Penn Station-area office tower spends $29 million to bring its stake up to 49.9% and secures an $85 million mortgage on the property at the same time.

STERLING HEIGHTS, MI-Financial and professional services have leased more than 66% of the new, 30,788-sf Sterling Plaza phase II office building just four months after its completion, its leasing agent says.

OAKLAND, CA-Developers and building owners who choose to take advantage of Oakland's free energy consulting service are finding that it is well worth the effort. One developer has cut costs by $1.5 million.

WASHINGTON, DC-The rise is seasonally adjusted. On an unadjusted basis, the measure declined 22.7%, but was up 76.7% compared with the same week a year ago.

LONDON-Compco Holdings has bought a group of historic buildings in Midtown from the Prudential. The 42,000 sf of offices, dating from 1545, are thought to have strong growth prospects.

BOCA RATON, FL-The real estate investment trust reports the weighted average gross rental rate on new leases signed increased $12.39 per sf over the second quarter.

AURORA, CO-A location where most of its employees live helped drive Land Title Guarantee Co.'s decision to lease CMD Realty Investors' Forum recently renovated building at 14001 E. Iliff Ave.