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HOUSTON-Schlumberger Omnes and the law firm of Gay & Reitz have sealed leases for new offices. One heads to Geoquest Center and the other to the Gemini Building in southeast Houston. In all, 24,340 sf has been taken.

LONG BEACH, CA-A multifamily complex here has secured $6-million in financing from Chicago-based Capri Capital. Rent rates in SoCal increased on average 12.5% over the last year, where occupancy is now at 98.1%

LOS ANGELES-With Downtown Los Angeles office market beginning to bounce back, more than 200,000 sf of office space has opened up in Downtown's Los Angeles Center Studios.

HOUSTON-A new tenant has moved into 36,600 sf at ComTech Center in the city's midtown section while another tenant has grabbed 28,511 sf at Loop Central One. The buildings rent for $18.50 per sf and $18 per sf, respectively.

PALO ALTO, CA-In the face of an economic downturn, Credit First Suisse Boston's full service brokerage division has just opened an office. It's about client service, says CFSB, and clients need services in good times and bad.

NEW YORK CITY-As expected, Cushman & Wakefield's press conference at noon today (April 9) was to officially announce the merger with Cushman Realty Corp. Twin brothers John and Louis Cushman both called it a homecoming.

SEATTLE-According to the Cushman & Wakefield report, sellers continued to benefit from the lowest cap rate in 20 years. The average cap rate for 2000 was 7.53%, a drop of 27 basis points since 1999.

STAMFORD-Renovations to the building, scheduled to be completed by the end of the year, should transform it into a class A property. Its 80,000 sf of available space is the largest continuous block of office space in the Bridgeport market.