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NEW YORK CITY-The new group will identify and develop e-commerce and traditional opportunities for the real estate services firm. Falus had been president of Cushman & Wakefield of New York Inc.

COSTA MESA, CA-UltraLink Inc. will maintain its presence in El Segundo, while consolidating employees and relocating executives to offices in Cosa Mesa.

STAMFORD, CT-W&M Properties reports that Octagon Marketing and Athlete Representation has expanded its presence at Soundview Plaza and now leases a total of 32,136 sf at the property.

BRAINTREE, MA-Peabody Construction begins construction on The Peabody Building here, a three-story Class A office building. The construction company plans to occupy half the building and lease the rest.

PHOENIX-Orsett Properties has purchased a parcel in the northwest Valley near the soon-to-be-completed Loop 101 for $4.8 million and plans to begin construction later this year on a 171,600-sf back-office project.

TORRANCE, CA-Torrance-based social services organization has signed a renewal lease to occupy two buildings in the Del Amo Business Plaza.

PRINCETON, NJ-The high level of leasing activity that characterized this market throughout the year 2000 continues into the new year as a leading battery maker and a wireless company are the latest to sign on the dotted line.

WEST ORANGE, NJ-The owner and operator of multifamily real estate properties acquires its first two complexes in the Pennsylvania market and sets its sights on increasing its profile in the eastern part of the Keystone State.