SEATTLE-The Paramount Group of Hotels refinances its namesake Downtown property here as well as the Benson Hotel in Downtown Portland, OR in separate transactions totaling $58.5 million.

SEATTLE-The Paramount Group of Hotels refinances its namesake Downtown property here as well as the Benson Hotel in Downtown Portland, OR in separate transactions totaling $58.5 million.

MILWAUKIE, OR-The Cincinnati based department store owner says its 340,000-sf distribution center here is one of five it will close as part of its plan to cut costs following its $11-billion acquisition of May Department Stores.

RALEIGH, NC-A joint venture of a Berwind Property Group's seventh fund and Aegon USA Realty Advisors acquire 66-building, mosty flex-industrial portfolio in the Raleigh area from affiliates of Jack Parker Corp.

RALEIGH, NC-A joint venture of a Berwind Property Group's seventh fund and Aegon USA Realty Advisors acquire a 66-building, mostly flex-industrial portfolio in the Raleigh area from affiliates of Jack Parker Corp.

SEATTLE-For the fifth quarter in a row, overall vacancy in the Seattle CBD falls 90 basis points and now stands at 11.6%. Across the lake in the Bellevue CBD, overall vacancy is at 7.9% and falling, with no significant new office space expected to come online until mid-to-late 2007.

REDWOOD CITY, CA-The locally based private multifamily investor and developer refinances four properties in the region with a 10-year loan from ARCS Commercial Mortgage of Calabasas. The loan has a fixed rate in the mid 5% range and requires only interest payments for the first several years.

REDWOOD CITY, CA-The locally based private multifamily investor and developer refinances four properties in the region with a 10-year loan from ARCS Commercial Mortgage of Calabasas. The loan has a fixed rate in the mid 5% range and requires only interest payments for the first several years.