CHICAGO-A 26-story Downtown office building one block west of the Loop has changed hands. The 290,807-sf building was 99% occupied at the time of the sale. The new owners' plans were not immediately available.

MIAMI BEACH-The eight-story, 140,000-sf Lincoln Place, under construction at Washington Avenue and 16th Street in this eight-mile long, trendy tourist destination, expects to be open for business by early 2002. Comras Co. and financier LNR Property Corp. are doing the project.

DALLAS-Redback Networks and AmeriServe have sealed year-end deals in Frisco and Dallas, respectively. Redback's 11,506 sf represents an expansion while AmeriServe, in the midst of a bankruptcy, has signed for 15,022 of short-term space.

NEW YORK CITY-Last month alone approximately 1.8 million sf of space was leased or sold in just Manhattan in all of the market sectors. The majority of it was office space.