SAN FRANCISCO-Entering the local market for the first time, American Assets of San Diego pays $69 million for the fully leased, 168,000-sf class A office tower.

SAN FRANCISCO-Entering the local market for the first time, American Assets of San Diego pays $69 million for the fully leased, 168,000-sf class A office tower.

SAN FRANCISCO-David Churton, who opened Insignia/ESG's San Francisco office in 1999, joins Jones Lang LaSalle; Thomas Bracken, formerly in charge of acquisitions for a private Denver-based opportunity investor, joins GMAC Commercial Mortgage and; Tom Donoghue, most recently with Shorenstein, joins Equity Office.

SYDNEY-Both agree that talks with regard to GPT's proposal to internalize its management--a task currently handled by Lend Lease--have fallen apart, but disagree on the how and why of it.

GREENBURG, IN-Kimco Realty Corp. and an institutional client of DRA Advisors sell Greenburg Commons for $23.7 million.

SEATTLE-Countering Mayor Greg Nickels April proposal to utilize only one-third of the block for a public plaza and the rest of office and residential development, the City Council passes a resolution making two-thirds of the block a public plaza, leaving one third for office development.

PORTLAND-Local developer Marty Kehoe closes on 1.62 acres on Northwest Westover Road that he has slated for a five-building, 73-unit luxury condominium development that will include several penthouse priced as high as $1,000 per sf.

PROVIDENCE, RI-Intercontinental Real Estate Corp. breaks ground for Waterplace, which will include 193 luxury condominiums, restaurants and pubs along the Riverwalk and a three-level parking garage. The two-tower complex will be taller than any of the buildings in the Capital Center area.