SAN ANTONIO, TX-The $15-million development here will rise in the Southwest Medical Center District. Construction will commence in January 2005 with completion scheduled for summer 2006.

SAN FRANCISCO--The purchase includes the remaining unsold land at Mission Bay, $200 million of which is under contract for sale to third parties, as well as land and developments in San Diego and the Los Angeles area and the 485-unit Bayport residential project in Alameda.

SYDNEY-Rockford Hotel Group is acquiring the Novotel Century Hotel here from Mulpha Australia. The sale is expected to close in December.

PORTLAND, OR-The locally based real estate merchant banking and development advisory firm adds a chief compliance officer and two new vice presidents as it prepares to launch two new products, a public, non-traded REIT and an investment vehicle catering to 1031 exchange investors.

MILAN-The Frankfurt-based fund manager pays a Whitehall Funds subsidiary slightly more than 93 million euros (USD$121.6 million) for the 312,000-sf Via G.B. Pirelli 35 office building here that is fully leased on a long-term basis by Telecom Italia.

TORONTO-The Houston-based real estate banking arm of CB Richard Ellis opens its first three offices in Canada, two here and another in Calgary, and has plans to open additional offices in Montreal and Vancouver in coming months.

REDWOOD CITY, CA-The data-integration software maker leases 100% of the property, which consists of two, three-story class A buildings that have been vacant for about a year.

SPOKANE, WA-A 25-year veteran of the industry, Anupam Narayan comes on board as executive vice president and chief investment officer of the locally based hotelier and will add chief financial officer to his list of titles come January, when Peter Hausback leaves the company.