PORTLAND-Saying it wants to allow the evaluation committee more time to mull over the proposals for an 800-hotel next to the Oregon Convention Center--even though the committee says it is ready to make its recommendation--the Portland Development Commission tells the committee to wait an extra 30 days and give its recommendation on June 22 rather than next week.

SEATTLE-Site 17, a two-building residential property north of the Downtown core, trades hands for $23.83 million, according to public records. The new owner isn't saying yet whether it intends to convert the units to condominiums, but local industry sources say that's indeed what will happen.

INDIANAPOLIS-With $12.4 million of equity with $42 million of debt, the locally based shopping center REIT closes on two of three properties it had agreed to acquire from retail funds of Munich-based BVT Equity Holdings.

SEATTLE-The San Francisco-based fund manager pays about $235 per sf for the lower 10 floors of the 13-story office and residential building, which sits immediately east of the Alaskan Way Viaduct. The building has 178,268 sf of office that is about 70% leased.

SEATTLE-The San Francisco-based fund manager pays about $235 per sf for the lower 10 floors of the 13-story office and residential building, which sits immediately east of the Alaskan Way Viaduct. The building has 178,268 sf of office that is about 70% leased.

SAN RAMON, CA-The San Francisco-based apartment division of Irvine, CA-based Bascom Group buys the Village Commons Apartments here for $7.76 million, betting that the property will benefit from condo converters who are taking some 700 rental units off the market.

SAN RAMON, CA-The San Francisco-based apartment division of Irvine-based Bascom Group buys the Village Commons Apartments here for $7.76 million, betting that the property will benefit from condo converters who are taking some 700 rental units off the market.

TRACY, CA-On behalf of McMorgan Institutional Real Estate Fund I, Trammell Crow Co. starts work here on two speculative manufacturing and distribution buildings in the Chabot Commerce Center.