SAN FRANCISCO-The latest report from Whitney Cressman further sates that sublease space is the main reason the citywide office vacancy rate hit 8.17% by the end of March. About 77% of the sublease space is available as such for more than three years.

IRVINE, CA-The 171,979-sf mixed-use Palm Court development is now under the ownership of Connecticut General Life Insurance. Financial terms of the acquisition were not disclosed officially, but brokers in the area say the transaction is worth about $35 million.

SAN JOSE-The 21-story, 336,000-sf structure, to be located at 8 East San Fernando, will be the tallest building in the city. Skidmore, Owings & Merrill is the architect for the project.

CHICAGO-The city wins a three-way sweepstakes for Boeing Corp.'s headquarters and 500 executive jobs it brings from Seattle beginning Sept. 4. Geography and incentives play a part in decision-making.