SAN FRANCISCO-Grubb & Ellis identifies the absence of positive job growth as one of the many major obstacles faced by San Francisco's office market in its road to recovery.

WASHINGTON, DC-In a deal between seller F Street Group and buyer Grosvenor Atlantic Ltd. the building at 1777 F St. gets snapped up for $17 million. The structure is currently valued at $10.5 million and is fully occupied by Federal Housing Finance Board through 2006.

CHICAGO-Having already offered $18 per share for the Bloomfield Hills, MI upscale mall REIT, retail giant Simon Property Group Inc. of Indianapolis teams with familiar partner Westfield America Inc. to up the price to $20, or $1.04 billion.

LONDON-Beleaguered service office provider Regus has filed for Chapter 11 bankruptcy protection for its US subsidiary.