LAKEWOOD, CO-The used furniture marketer becomes the first tenant in the former Levitz Furniture warehouse building converted by Gart Properties into the 6th Avenue Commerce Center building.

COLORADO SPRINGS, CO-Grubb & Ellis forecasts land sales will fail to crack $150 million this year, down from the previous two years and even more sharply from the $200-million-plus level in 1996.

PHOENIX-The city's "national presence" makes the office market more susceptible to effects of the recession, notes Grubb & Ellis, which predicts a 16.4% vacancy rate by the end of the year.

ALBUQUERQUE, NM-With space scarce and sales brisk in a market fueled by Sandia National Labs, developers are responding with 360,000 sf of new construction, according to a report by Grubb & Ellis.

DENVER-In the first since 1990, the booming multifamily rental market is weaker than it was in the beginning of the year, according to a report by Grubb & Ellis. However, buyers next year could reap rewards down the line, it adds.

PHOENIX-The city's "national presence" makes the office market more susceptible to effects of the recession, notes Grubb & Ellis, which predicts a 16.4% vacancy rate by the end of the year.

GILBERT, AZ-At a 9.5% capitalization rate, the Denning Family Trust is "not getting any great return," says Dan Grooters, a broker with the Denver office of Marcus & Millichap. But Cooper Marketplace is "a good, stable investment.

LAS VEGAS-The 16,000-sf Flamingo Marketplace was a development waiting to happen as it sits on the Flaming Road-Maryland Parkway retail corridor, says broker Matt Bear. Nevada Power Co. was the former owner of the land.