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SAN JOSE, CA-A Compaq company source tells GlobeSt.com that the firm will pay $47 million over the next 15 years as part of the marketing partnership. In addition, Compaq will pump $70 million into the city's general fund, and $22 million into the 8-year-old arena's reserve fund.

HOUSTON-The Houston office market has a 12.36% vacancy rate at the end of the third quarter in comparison to 11.93% at the end of the third quarter of 1999, according to the CB Richard Ellis firm. Net absorption totals 733,000 sf.

ORLANDO-Glatting Jackson Inc. is asking an Orange Circuit Court judge to void a local government's decision barring the developer from building 180,000 sf of commercial space; 990 houses, apartments and condominiums; a shopping center; and 55 acres of park on an 1,100-acre cow pasture 28 miles northwest of Downtown.

PHOENIX-A $114-million courthouse design by internationally renowned architect Richard Meier opens today with much fanfare, and Supreme Court Justice Sandra Day O'Conner on hand to dedicate her namesake building.

CHARLOTTE-Mike Atwood's abrupt departure and the company's silence intrigues market watchers who wonder what will happen to the 10 newly-acquired firms the Charlotte-based software provider bought with $107 million in venture capital.

DALLAS-Prentiss Properties Trust's third-quarter earnings reflect a 13% increase over 1999's third quarter, continuing a trend that has existed since the REIT went public in October 1996. The REIT has acquired two office complexes and has five developments under way.

CHICAGO-Lehman Brothers has been selected by the Chicago Housing Authority to lead manage its upcoming bond issue, which could be large as $750 million.

BOSTON-Charles River takes on West Coast practice to flesh out economic firepower.