Office

NEW YORK CITY-Good Jobs New York lambastes city and state mechanisms for meting out Downtown redevelopment funds. Lack of accountability, the absence of an affordable-housing requirement and a big-business cash grab are the group's major concerns.

CHICAGO-The owner of the 11-story building at 664 N. Michigan Ave. already is talking with city officials about fixing a deteriorating fagade on the upper floors of 664 N. Michigan Ave.

DENVER-NorthMarq Capital originates loans for a 150,873-sf office building is at 11080 Circle Point Road in Westminster and 89,739-sf warehouse at 4520 Florence St. in the Stapleton Business Park.

SAN FRANCISCO-The vacancy rate of small spaces in San Francisco has dropped 1.5% since February. Real estate expert Hans Hansson sees this as a potential window of opportunity for landlords to divide larger spaces in the future.

NEW YORK CITY-Newly formed Normandy Real Estate Partners snags its first Manhattan office asset in the low to mid-$400s per sf. The buyer says 1370 was being pursued by those squeezed out of the 450 Park Ave. buy. Normandy bought the asset in partnership with Scott Landis.

MESA, AZ-Officials are getting ready to unveil the newest changes to the 30,000-sf Desert Vista Medical Center. Crews have been working under a 180-day fast-track schedule. All is on target for the mid-April delivery.

LOS ANGELES-The local office of Interior Architects, one of the largest interior design firms in the world, signs a 10-year lease at the same site but on a different floor. The transaction is valued in excess of $3 million.

LOS ANGELES-Qantas Airways, the airline company servicing the South Pacific, relocates its headquarters for the Americas/Pacific region. The company signs a seven-year lease deal in Howard Hughes Center