SHELTON, WA-The expansive property along highway 101 here, about 20 minutes from the state capital, is being foreclosed on through a sheriff's sale later this month.

SANTA CRUZ, CA-The $22-million financing for the Coast Santa Cruz Hotel here was used to pay off the existing mortgage and provide funds for renovation. The owner had wanted to replace the hotel and add a conference center, but the idea was shelved in the face of strong opposition.

FLORENCE, KY-Making the first of what is expected to be several acquisitions in the greater Cincinnati area, a pair of New York investors acquire a 219,000-sf class A office development here from an entity of Credit Suisse First Boston.

PORTLAND, OR-The proposed $195-million development here is a worthy encore to Bridgeport Village for Opus Northwest and Bruce Wood, the former head of Opus' local operations who formed his own company in April and will be Opus' expertise partner for the 1.3-million-sf project at the east end of the Burnside Bridge.

EDMONTON, ON-On behalf of one of its Canadian pension fund clients, Morguard Investments Ltd. acquires the 755,000-sf of office and industrial buildings and 21 acres of development land with plans to invest another $30 million in the portfolio over the next three years.

EDMONTON, AB-On behalf of one of its Canadian pension fund clients, Morguard Investments Ltd. acquires the 755,000-sf of office and industrial buildings and 21 acres of development land with plans to invest another $30 million in the portfolio over the next three years.

SPOKANE, WA-The locally headquartered hotelier said the loss reflects improvements in its hotel division offset by decreased revenues from its entertainment division and increased interest expense.

INDIANAPOLIS-The locally based real estate company says it is building a 350,000-sf office headquarters in Buffalo, NY and two medical office buildings, a 71,000-sf facility in Ohio and a 72,000-sf facility in New Jersey.