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PORTLAND, OR-Negative overall net absorption in the second quarter pushed the overall vacancy rate to 9.8%, the highest its been since the infamous early 90's, reports the Portland office of Grubb & Ellis.

LONDON-Pillar Property is close to clinching a deal to extend the Hercules Property Unit Trust. New investors are expected to inject additional properties into the Jersey-based fund by this fall.

STAMFORD, CT-A glut of sublease space put on the market in the second quarter, due to the economic slowdown, was mitigated by countywide leasing activity in Westchester County in the last three months, according to a Grubb & Ellis report released today.

LACEY, WA-MacArthur Development LLC has asked city officials to annex a 10-acre parcel on the outskirts of Lacey in order to obtain city services for future development there.

AUBURN HILLS, MI-DaimlerChrysler is selling 67 acres here, close to the automaker's North American Headquarters. It is expected to get close to the asking price because of the scarcity of land.

WASHINGTON, DC-CarrAmerica Urban Development LLC, a subsidiary of CarrAmerica Realty Corp. has been selected to assist in developing a second headquarters for the International Monetary Fund adjacent to its current headquarters.

LAKELAND, FL-The 187-unit multifamily Angler's Cove Manufactured Community received $2.85 million and the 153-unit Angler's Cove West Manufactured Community obtained $2.35 million in separate refinancings brokered by Collateral Mortgage Capital of Birmingham, AL. Lakeland is 40 miles south of Downtown Orlando.

WEST ORANGE, NJ-The steel is up for the 118,000-sf class A office building, which is being marketed by the New Jersey office of GVA Williams to single and multiple tenants.