ATLANTA-Teachers Insurance and Annuity Association is negotiating in the area of $80 million ($138.89 per sf) for the combined 576,000-sf Concourse 1 and Concourse 11 near the 21.9 million-sf Interstate 285/GA400 submarket.

MIAMI-Cushman & Wakefield picks Philip H. Grossberg, former regional real estate manager for General Motors in Brazil, to be part of its newly formed Latin American International Services Group.

ELK GROVE VILLAGE, IL-A 100%-leased 25,000-sf industrial building is sold by HM Strategic Investments to RCK Properties for $1.05 million after a 20,616-sf industrial building in nearby Bensenville sells for $825,000.

DENVER-Six months ago, office rents were at an all-time high and vacancies were near an all-time low. Since then, four million sf of sublease space has hit the market, which could push vacancy rates near 1980s levels.