PITTSBURGH, PA-The 54-story, 1.5-million-sf CBD office building is master leased through 2028 by Mellon Bank, which occupies 1.1 million sf as their world headquarters and subleases the remainder. The property is expected to fetch between $210 million and $225 million.

PITTSBURGH, PA-The 54-story, 1.5-million-sf CBD office building is master leased through 2028 by Mellon Bank, which occupies 1.1 million sf as their world headquarters and subleases the remainder. The property is expected to fetch between $210 million and $225 million.

SEATTLE-A group of local investors sells the well-leased Westhaven garden-style apartment complex for $13.6 million, about $1 million more than it paid for the property in late 2000.

SEATTLE-A group of local investors sells the well-leased Westhaven garden-style apartment complex for $13.6 million, about $1 million more than it paid for the property in late 2000.

SAN FRANCISCO-The 2003 build-to-suit off Highway 101 here serves as Fed Ex's primary distribution and sorting facility for the CBD. The cap rate on the investment is just under 7%.

HILLSBORO, OR-Louisiana Pacific sells its 24,700-sf corporate hangar at Hillsboro Airport to Merlo Corp., which has operations next door to the structure, and the Port of Portland incorporates the acquisition into Merlo's ground lease.

INDIANAPOLIS-The locally headquartered retail REIT agrees to buys neighborhood shopping centers in Atlanta, Austin, TX and Vero Beach, FL, for $78.5 million in cash and assumed debt.

INDIANAPOLIS-The locally headquartered retail REIT agrees to buys neighborhood shopping centers in Atlanta, Austin, TX and Vero Beach, FL, for $78.5 million in cash and assumed debt.