RAHWAY, NJ-Denholtz Associates, based here, has paid approximately $186 million for a national office and flex/industrial portfolio from Chicago-based Banyan Strategic Realty Trust. Cohen Financial advised Banyan; Arthur Andersen LLP advised Denholtz.

POHATCONG TWP., NJ-The Vermont-based fiber products company has acquired the old Warren Glen mill and will install all new equipment and add a warehouse facility for the expanded operation.

CHICAGO-The building local exchange carriers industry will generate nearly $1 billion in revenues by 2004 according to a report by communications industry research firm New Paradigm Resources Group, Inc.

DALLAS-The Staubach Co. is getting a new chief information officer and Arlington's SCM Real Estate has a new broker. The hires are just part of the ongoing shift that has been sweeping the metroplex since the year's start.