NEW YORK CITY-A 20-story, 150,000-sf luxury residential building in Manhattan's upscale Gramercy East neighborhood is the maiden New York City project by a joint venture between Post Properties and the Clarett Group.

DALLAS-For the first time since Q1 1998, the retail market in Dallas, Denton and Collin counties sees negative absorption. Blame it on big box closings and the highest amount of completions in nine years. Rent too is down six cents, the first dip since 1996.

CHICAGO-Qwest Communications and Exodus/GlobalCenter Inc. take separate 135,000-sf facilities in the Near South Side telecom center at 350 E. Cermak Rd. while Verio takes 87,423 sf. Kajima performs the build-outs.

WOODLAND HILLS, CA-The family-run company acquires the 517,638-sf 21st Century Plaza from an affiliate of Tishman International Co. The transaction is one of largest in San Fernando Valley history.