TIGARD, OR-Using a 78% loan, a Portland-based limited partnership acquires the King City Apartments here with plans to make significant improvements to the 16-building complex over the next three years.

SAN FRANCISCO-Swig Burris Equities and Stonehenge Partners of New York City take possession of the 132,000-sf financial district asset with plans to transform it "into a luxury boutique office building.

BELLEVUE, WA-The locally based mortgage bank taps its chief financial officer Jason Oelrich to take over for Barry Horn, who remains chairman and CEO but now will be utilizing his previously presidential time on new business development activities.

PORTLAND-While it looks for an acquisition that will allow it to open a full-service branch in the state, the Vancouver, WA-based bank opens a commercial lending office here, where it is already active. Heretofore focused on Southwest Washington, the bank also recently expanded into the Seattle area.

PITTSBURGH-Hertz Investment Group of Santa Monica, CA pays about $55 million for the four-building office development built in the 1950s. The seller, Trizec Properties of Chicago, acquired the property in 1995 from the developer for about $57 million.

VANCOUVER, WA-Opus Northwest submits plans to follow up Bridgeport Village in Tualatin, OR, with a similarly expensive mixed-use mecca north of the border. Instead of starting with a quarry, however, it will start with a much more level parcel, a private airport the company tied up in 2002. Plans call for 540,000 sf of retail and office space, as well as housing and a hotel.

LAS VEGAS-Mandalay Resort Group stockholders approve the company's merger plans with MGM Mirage. Completion of the transaction is scheduled for the first quarter of 2005.

SEATTLE-Intent on accumulating 1,000 units in the region, MG Properties follows up its October acquisition of the 132-unit Gateway Pointe Apartments in Renton by acquiring the 252-unit Park South Apartments located 10 minutes away in South Seattle, off SR 509.