Office

IRVING, TX-EFG Cos. and CMD Realty sign one of the largest office leases this year for the Las Colinas submarket. It's a lateral submarket move, but the 122 W. Carpenter Freeway team out-talked three others for the seven-year corporate pledge.

DENVER-Pinnacol Assurance, Colorado's leading provider of workers' compensation insurance, has moved to its new headquarters at the former Lowry Air Force Base.

HOUSTON-The 65,900-sf suburban office building lands tenants for 17,170 sf to nudge it close to the filled mark. Insurance Associates of the Southwest signed for 14,947 sf of One Woodbranch Center near the Energy Corridor.

PORTLAND-Umpqua Holdings Corp. receives $70 million in capital financing to fund the cash portion of the previously announced $215-million merger with Centennial Bancorp. The transaction is expected to close in the fourth quarter.

WESTWOOD, CA-The office building on Santa Monica Boulevard is 32% vacant. The four-story, steel-frame structure was built in 1985. A remodel is planned.

ATLANTA-After nearly a decade-long absence from this market, the Troy, MI-based company partners with Royalton Investments to buy the nine-story, 86%-leased, 125,603-sf building. Hayman may build condominiums on its rooftop parking deck.

AUSTIN-CDM, a multi-faceted engineering firm, shifts its office from the northwest submarket to the far northwest while First Avantus Securities relocates into 6,295 sf in its existing submarket.

AUSTIN-The officers are elected, the board is in place and the application will go into the national office in January 2003. Brokers, lawyers, title company representatives and even State of Texas officials are on board.