Office

NEWARK-The agency will move to a new under-construction facility nearby early next year, leaving owners Gale and TishmanSpeyer with a nine-story hole to fill in the downtown landmark.

PORTLAND, OR-The Portland outpost of Zions Small Business Finance, a Division of California Bank & Trust, has gained the Small Business Administration's "Preferred Lender" status, which means faster loan approvals on real estate purchases, among other things.

PORTLAND- Tom Usher, a senior director with Cushman & Wakefield, tells GlobeSt.com that he sees vacancy holding flat through mid-year. He also sees activity picking up, reiterating what many brokers around town have been telling GlobeSt.com since late January.

RICHMOND, VA-Multifamily REIT United Dominion Realty Trust, Inc. closes on a $72 million Freddie Mac revolving credit facility, and then sells 3 million shares for a $42.3 million profit.

ATLANTA-Stacey Corso, editor of Real Estate New York, a monthly Real Estate Media Inc. publication, will handle all aspects of commercial real estate in Atlanta's eight-county market, along with breaking major industry news in other Southeast areas. Corso may be reached at 212-929-6900 or [email protected].

NEW YORK CITY-Integra Realty Resources, in its latest investment survey, says that most markets--except for hotels--are recovering nicely, thank you. But owners' over-inflated view of building value isn't helping the capital pipeline to flow again.

LONDON- Ealing Gateway on 26-30 Uxbridge Road, is HBG Properties' vision of a seven-storey West London office building. It will be the largest office scheme to be developed in Ealing for more than a decade.

DALLAS-The Morse Co. is accorded the William C. Jennings Award from the Texas Association of Realtors for a lease enabling Flextronics International to expand and consolidate in North Texas. WorkPlaceUSA wins again for its Mount Vernon project.