NEW YORK CITY-The firm wants to decentralize by moving roughly 25% of its Manhattan-based employees to a second office. Company officials insist there are not plans to abandon the firm's NYC headquarters.

CONCORD, CA-The City of Concord decides that the best use for a four-acre Downtown site is to buy out the property owners and redevelop it as a single project.

COLORADO SPRINGS, CO-A joint venture between Los Angeles-based Hanover Financial Co. and Denver based Highline Acquisitions LLC picks up the Bypass Plaza retail center here for $50 per sf.

CRANFORD, NJ-The pharmaceutical company will use the space, located within the 442,000-sf 750 Walnut St., as offices. Trammell Crow arranged the signing.