Office

LONDON-The UK's key regional office markets are now increasingly short of prime space. With little new space coming to market over the next year, rents are expected to rise, according to a DTZ report.

SAN ANTONIO-The Walsh, Anderson, Brown, Schulze & Aldridge firm is moving into an 8,655-sf spot in the premier 298,2890-sf One International Centre. The specialty law firm also has offices in Austin and Irving, TX.

NEW YORK CITY-The first commercial real estate property to house its own onsite, privately-owned, co-generation facility will go up on the block between 57th and 58th Streets and 11th and 12th Avenues in Manhattan.

CHULA VISTA, CA-The Booming Otay Ranch area is getting another educational facility as district officials prepare to break the seal on the 60,000-sf Heritage Elementary School. The school includes nine single-story buildings and is slated for completion this month.

HOUSTON-Myers & Crow is gearing up to break ground on two more buildings at its NorthBelt Office Center. The Dallas-based developer has bought about 10 acres for two more buildings, totaling 106,050 sf.

DENTON, TX-Years of waiting draw to a close as a Virginia-based developer kicks off an 80,000-sf build-to-suit project for a FEMA Processing Center. The 11 1/2-acre development upon completion in April 2002 brings a consolidation of two Denton sites.

CHICAGO-One fallacy of dotcom implosion is "some people wonder if the Internet matters anymore" but computers are likely to continue to grow in practical usage for brokers, leasing agents, property managers and financiers.

SCOTTSDALE, AZ-GE Capital and Goldman Sachs have agreed to provide about $7 billion of liquidity for the Scottsdale-based Finova Group, pending the outcome of due diligence. The construction lender has been in Chapter 11 bankruptcy since March.