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NEW YORK CITY-This is the fourth acquisition by the fund, which expects to close an additional $350 million in purchases by the end of the next quarter. The fund is looking at properties in the top 20 markets.

STAMFORD, CT-The Diocese of Bridgeport signed a 99-year ground lease for a 2.8-acre parcel Downtown with Lowe Enterprises Inc. The California-based developer plans to build a 320,000-sf office building on the site.

DALLAS-In growing numbers, US and Canadian contrarians are tapping mounting opportunities south of the border, where the playing field has higher yield, particularly for hospitality and retail product, says an E&Y practice leader.

CHICAGO-Recovery may be at least three years away, suggests Grubb & Ellis SVP and director Sven Sykes, but not until a game of musical chairs takes place before then as anchor tenants of new buildings begin to move, adds Prudential Real Estate Investors VP of acquisitions Collete English Dixon.

NEW YORK CITY-The new online newsletter--which joins GlobeSt.WEEK, NET LEASE forum and MULTI HOUSING forum--will report on key global markets.

HOUSTON-NextiraOne commits just two months before an eight-year sublease ends with the Williams Cos. for class A space housing the North American headquarters. The deal is a definite measure of relief with 600,000 sf to fill in the 1.5-million-sf high-rise.

HOUSTON-First Continental Mortgage will open doors in February on 14,544 sf of class A space at 2929 Briarpark Dr. in a street-level office that will put the team on one floor instead of four. The move ends a 10-year run along Town & Country Drive.

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