BELLEVUE, WA-Constantly adjusting its real estate requirements, Redmond-based Microsoft has volleyed significant amounts of Bellevue office space back and forth between a "hold" status and the sub-lease market.

NEW YORK CITY-The balance of power has shifted at Grubb & Ellis, as real estate investor Kojaian Ventures exchanges $15.2 million in capital for $11 million in class A promissory notes. Bob Walner tells GlobeSt.com that if exercised, this option would give Kojaian 51.4% of voting control within the company, effectively shifting the balance of voting control away from venture capitalist firm Warburg Pincus.

PORTLAND-In his just-released biannual market report, local hotel specialist Ed Dundon presents evidence that the market will start to turn up during the final three months of the year and 2003 will bring up to 3% RevPar growth.