NEW YORK CITY-Sublease space emerges from the shadows as GlobeSt.com and Sublease.com launch a new joint venture. The initiative provides a city-by-city marketing outlet to fill the nation's growing stock of sublease office space.

DENVER-Only Dallas/Fort Worth, Raleigh/Durham, Phoenix, Chicago and Cleveland had higher vacancy rates than Denver, according to a study of 24 markets by Staubach Co. Denver's rate jumped to 16.1% in the first quarter.

PORTLAND-A sewing supply company takes 27,600 sf at Airport Park West and the local retail chain Made in Oregon takes 17,077 sf at Riverside Industrial Park--feeding the growing notion that most activity right now is in related to low-tech consumer goods.

LONDON-Net capital flows into UK commercial property are expected to total around Pounds 25 billion ($39 billion) in 2002, down from Pounds 32 billion ($50 billion) last year according to DTZ.