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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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HOUSTON-Williams Cos. downsizes to 217,595 sf with a renewal of class A office space in the Galleria submarket. The pact goes into effect in April. The Hines team already is talking with backfill prospects, including another Williams group.

MINNEAPOLIS-The firm, known better in suburbs and St. Paul, now establishes Downtown with a contract to handle leasing for Fifty South Sixth, the 690,000-sf tower owned by Hines Interests.