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PORTLAND-The Oregon office of CRESA Partners national corporate real estate advisory firm recently completed its move from Lake Oswego and hired as director Jon B. Lebre, most recently research services director for Cushman & Wakefield's Portland office.

HOUSTON-PSINet Consulting Solutions has dramatically downsized its office and operation in the aftermath of an acquisition. The office has vacated three floors at the Southwest Bank Building and moved into 5,664 sf at 3050 Post Oak Blvd

MIAMI-Teachers Insurance & Annuity Association is investing an estimated $25 million in developing a nine-story corporate headquarters building for the locally based fast-food company.

CHICAGO-Which is bad news for those locales that boasted only a few months ago that they were the centers of the tech universe. In downturns, it's nice to have eggs in a number of baskets.

ROLLING MEADOWS, IL-The Oak Brook, IL-based REIT buys the 252,000-sf 1600 Golf Road here at an initial 11% capitalization rate. It is Great Lakes' fourth acquisition in the Schaumburg submarket, and the second since last summer.

HOUSTON-Dirt should be flying in two weeks on a 40,000-sf build-to-suit for Ribelin Sales Inc., a Dallas-based distributor for the commercial paint industry. Developer GSL Contractors is undertaking the project in Aberdeen Business Park.

CHICAGO-Vacancy rates hover around 12.6%. But buyers of suburban office buildings here may be busy in 2001 even while tenants will be more cautious this year, says real estate firm Cushman & Wakefield.

CHANNELVIEW, TX-A commercial painting company has decided to stay put in an 11,600-sf industrial site near Houston's ship channel. Lone State Equipment Services operates a state-of-the-art paint shop for commercial vehicles.