BELLEVUE, WA-Office vacancies here are flirting with 25% and there's an eight-story hole in the Downtown core; it's an interesting time to be taking the reigns of the Bellevue Downtown Association.

PHOENIX-Not even the crash and burn of the savings and loan industry wreaked such havoc on the metro Phoenix market, says a top exec. The region has posted its lowest level of office absorption since 1984, with some areas registering in the negative.

BOLINGBROOK, IL-Itasca, IL-based Hamilton Partners Inc. pays Aurora, CO-based developer ProLogis $5 million for 44 acres in the Corporate Crossing Business Park. The submarket remains active despite its 17% industrial vacancy rate.

NORTHBROOK, IL-At a reported $65 million, the sale of 3773 Willow Rd. to Allstate Corp. becomes the biggest suburban office sale of 2002. The $180 per sf is close to the $90-million Windy Point sale in Schaumburg that closed New Year's Eve.