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HOUSTON-Marcus & Millichap is predicting another 5% hike in flex office rents by year's end. Investor interest is strong, fueled by a hardy local economy, a brisk energy industry and lower borrowing rates.

RENTON, WA-Alex Pietsch, Wright-Runstad's former marketing and public relations manager, replaces Betty Nokes, who left the position earlier this year to become chief executive of the Bellevue Chamber of Commerce.

POWAY, CA-Bycor General Contractors Inc. has begun construction on the new 3,823-sf Poway Branch of Mission Federal Credit Union, according to Scott Kaats, Bycor's chief executive officer.

GARDEN GROVE, CA-The 44,000-sf facility has been purchased by DMW Financial Services, as demand for space continues at a steady pace in the county's industrial market.

SAN FRANCISCO-The industrial REIT reporting a flat second quarter. The lack of earnings growth is mostly due to the company's investments in high technology and e-commerce, but also due to its relationship with Webvan Group Inc.

ATLANTA-The three central business district submarkets, however, are solid with a second-quarter occupancy level of 93.19% versus an average 89.01% leased mark among the 13 suburban pockets, according to a new analysis by Richard Bowers & Co.

MIAMI-Cushman & Wakefield picks Philip H. Grossberg, former regional real estate manager for General Motors in Brazil, to be part of its newly formed Latin American International Services Group.

DALLAS-One of Texas' most colorful characters is in the expansion mode, but it's different from his heyday of wheeling and dealing in the oil business. T. Boone Pickens has inked an expanded office lease, ending a nine-month search for a new location.