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CHICAGO-Prime Group Realty Trust leases 210,000 sf at $32 psf net with 3% annual increases over a 10-year term to the financial services company in a deal that establishes "a new high-water mark" for Loop rents.

MIAMI BEACH, FL-An affiliate of Arden Group, owner of the Ritz Carlton Philadelphia, acquires the oceanfront Art Deco-style hotel for $18 million through bankruptcy proceedings in a thriving sellers' market.

DALLAS-Word broke Thursday, Feb 22, as reported by GlobeSt.com, that J. Reagan Dixon was leaving after 12 years at the helm of the regional office. Now president of US operations Bruce Mosler says the local office is "excited" about the possibilities, rather than recovering from shock.

AUSTIN-AV Labs in Austin and US Global Investors in San Antonio have brought two seasoned professionals on board in the past week. Ed Perry joins AV Labs as a Venture Fellow while Bobby Duncan is the new COO and CFO of US Global Investors.

PHOENIX- In its first project in Arizona, an Illinois developer plans to build a 228,000-sf office project near Phoenix's airport.

SAN FRANCISCO-The San Francisco Planning Commission has unanimously approved Monahan Pacific's 15-story high-rise project, which will break ground in May at the 199 New Montgomery St.

DALLAS-Brion Sargent is now the second in command at IA-Dallas. The new principal has steered such prestigious projects as IBM Engineering and Scientific Regional Headquarters in Dallas and a 260,000-sf corporate headquarters for S&A Restaurant Group in Dallas.

SALEM, OR-Save for some non-profit agencies that are receiving free rent, the historic brick building at High and State streets has been largely vacant since the county consolidated its offices last year at Courthouse Square.