EAST RUTHERFORD, NJ-A combination of mergers, acquisitions and slower hiring has tripled the sublet space from a year ago, putting the market in a state of flux, according to one C&W executive.

DALLAS-A Dallas-based joint venture has found a taker for Preston Forest Village Center, a 167,000-sf project that has been in the turnaround stage for three years. Dunhill Partners makes the buy after NOI doubles and occupancy spikes to 97% from 69%.

ORLANDO-Arvida Realty Services hospitality specialist Robin L. Webb sees no panic-selling signs in the local lodging industry, even with occupancy rates down and room rates up at the luxury properties.

SANTA ROSA-The approximate $2 million sale by the McCrea family has halted work on the public trail until the Maria Hansen Trust, the ranch's new owners, can take up negotiations for access.