MINNEAPOLIS-Big surge in subleased space is part of the reason for a rise in the office vacancy rate to more than 10%, the first time it's been there in five years, according to a Grubb & Ellis report.

CHICAGO-Investors Equities Corp. buys 80,000-sf 224 N. Des Plaines Ave. from financial services company FINOVA Capital Corp. after HSA Commercial remodels and re-leases the office building.

SANFORD, FL-The Inspector General's office of the U.S. Department of Housing and Urban Development and the FBI raided the board's quarters and broke into the locked office of resigning executive director Timothy M. Hudson to seize 106 cartons of files and eight computers. Sanford is 30 miles north of Downtown Orlando.

FORT LAUDERDALE, FL-Nick Banks moves into key slot at Stiles Corp. division where he will be involved in all company developments, acquisitions and sales. Fort Lauderdale is 26 miles north of Miami.