RICHMOND, VA-GMAC Commercial Mortgage Corp. takes steps to enhance its lending activities in the Mid-Atlantic and Southeastern markets with the hiring of industry mover and shaker John Reed as vice president in the company's Richmond loan office.

PLEASANTON, CA-Major new sublease availabilities in Pleasanton and San Ramon causes the sixth consecutive quarter of negative absorption in the Tri-Valley market, according to the latest market report from Cornish & Carey Commercial.

SUGAR LAND, TX-Buyer Tramontina, which makes household goods, spends close to $9.8 million for a fully air-conditioned warehouse, which was on the market about a year. The size and AC amenity limited the list of potential buyers.

PORTLAND-Net absorption in the first quarter 2003 was positive, albeit it only by 142 units. If absorption were to stay positive throughout the year, it would be the first time since 2000, when new construction began to drop off.