LAS VEGAS-The short-term, floating rate loan represents 60% of the value of the asset, which Hotspur Nevada Resorts Inc. purchased out of bankruptcy in late 2001 for $80 million and then spent an additional $20 million rebranding and repositioning.

BELLEVUE, WA-The 10-year, fixed-rate loan from the New York State Teachers Retirement System will be used to pay off this November the construction loan funded in December by a syndicate of banks led by Bank of America and US Bank. In addition, Cigna Investments recently made a $33-million equity commitment in the eventual 1.4-million-sf project.

BELLEVUE, WA-The 10-year, fixed-rate loan from the New York State Teachers Retirement System will be used to pay off this November the construction loan funded in December by a syndicate of banks led by Bank of America and US Bank. In addition, Cigna Investments recently made a $33-million equity commitment in the eventual 1.4-million-sf project.

OAKLAND, CA-The Boston-based asset management firm triples its lease commitment in the 27-story class A office building to 12,382 sf. The building owner is Torrance-based Transpacific Development.

PORTLAND, OR-The chief executive of the Chicago-based restaurant company that owns the regional franchise tells GlobeSt.com that Kreme Works LLC is walking away from its planned Jantzen Beach location and suspending work on all others within its territory while new store concepts are tested.

PORTLAND, OR-The chief executive of the Chicago-based restaurant company that owns the regional franchise tells GlobeSt.com that Kreme Works LLC is walking away from its planned Jantzen Beach location and suspending work on all others within its territory while new store concepts are tested.

CLEVELAND-The first phase of the transaction, two community shopping centers for $51.6 million, closed this week. The remaining properties will trade over the next two months. The pricing equates to a cap rate in the low-to-mid 7% range.

CLEVELAND-The first phase of the transaction, two community shopping centers for $51.6 million, closed this week. The remaining properties will trade over the next two months. The pricing equates to a cap rate in the low-to-mid 7% range.