TRACY, CA-Jacobson Cos. commits to 241,824 sf at Chabot Commerce Center. The 987,875-sf, four-building development here is under construction on 52 acres of land near Interstate 205.

MUNICH-O2 plc, which owns mobile network operators in the UK, Germany and Ireland, leases Hines' 538,000 sf, 38-story Uptown Munchen office tower and 269,000 sf in three of four seven-story buildings that comprise the rest of the Uptown Munchen development.

CLEVELAND-The 1.8 million-sf portfolio includes assets in the locally based self storage REIT's current markets of Southern California, Texas, Arizona and New Mexico, and Nevada, a new market for the company.

SEATTLE-Seeing long-term gains, Cushman & Wakefield, Colliers International and CB Richard Ellis each lure experienced appraisers to grow their valuation business in the Northwest.

ST. LOUIS-Heisman Properties of Los Angeles acquires the 17-story Chemical Building here with plans to renovate and convert the property for a mix of uses including retail, office, apartments and condominiums.

ST. LOUIS-Heisman Properties of Los Angeles acquires the 17-story Chemical Building here with plans to renovate and convert the property for a mix of uses including retail, office, apartments and condominiums.

SAN MATEO, CA-Despite the numbers, the locally based office REIT's overall portfolio occupancy increased 300 basis points during 2004 to 90.2% at the end of December. The situation has continued to improve. As of Feb. 7, the 8.7-million-sf portfolio is 92.8% occupied and 94.1% leased.

FAIRVIEW, OR-Vancouver, WA-based Amberhill Properties LLC sells the commercially zoned land for $9 per sf to Los Gatos, CA-based Lexmar Development. The buyer envisions a mixed-use development on the property.