PORTLAND-Instead of hearing the convention center hotel evaluation committee's developer recommendation, the board of the Portland Development Commission on Wednesday directs staff to obtain new cost and financing estimates for a minimum 400-room first phase instead of the minimum 600-room first phase stated in its Request for Proposals.

SACRAMENTO-The 117,000-sf class A office building here is sold by BTV Crown Equities to an affiliate of South Pasadena, CA-based Edgewood Realty Partners.

INDIANAPOLIS-Atlanta-based Wells Real Estate Funds acquires the five-story 179,500-sf office building here from a State of Alaska pension fund. Built in 1998, the building is 95% leased.

INDIANAPOLIS-Atlanta-based Wells Real Estate Funds acquires the five-story 179,500-sf office building here from a State of Alaska pension fund. Built in 1998, the building is 95% leased.

PORTLAND-With local hoteliers demanding a smaller convention center hotel and the Oregon Convention Center in favor of the 800-room facility developers were asked to propose last September, the Portland Development Commission again tells the evaluation committee to withhold its developer recommendation, which will in turn delay the rest of the PDC's decision-making timeline.

GERMANTOWN, TN-The locally headquartered hotel REIT receives a $125-million line of credit from a syndicated group of banks co-led by J.P. Morgan and Calyon New York Branch. The facility has an accordion feature that can extend the borrowing capacity by 40%.

HENDERSONVILLE, TN-Pinnacle at Sumner Point will have 350,000 sf of retail space when it opens in the fall of 2006. The developer is Colonial Properties Trust, a Birmingham, AL-based REIT.

HENDERSONVILLE, TN-Pinnacle at Sumner Point will have 350,000 sf of retail space when it opens in the fall of 2006. The developer is Colonial Properties Trust, a Birmingham, AL-based REIT.