SEATTLE-Two of the company's regional leasing and property management executives--Roger Wright and James Long--are named managing directors in charge of the company's Eastside portfolio.

SAN FRANCISCO-Average vacancy in the Bay Area apartment market is expected to end the year at 5.3%, with San Francisco properties on track to end the year at 4.5% and Oakland-area properties on track to close out the year at about 6%, according to the latest market report from Marcus & Millichap.

BIRMINGHAM, AL-One day after announcing a $1.5-billion deal to acquire Cornerstone Realty Income Trust, the locally based REIT says it is partnering with DRA to acquire 16 multifamily properties in Albuquerque, Phoenix, Tucson and Las Vegas for which it will handle property leasing and management.

SEATTLE-The Toronto-based luxury hotel operator cuts a deal with Seattle Hotel Group LLC to operate a proposed $110-million 21-story hotel and condominium tower at First Avenue and Union Street in Downtown.

LIVERMORE, CA-After 10 years in Hayward, Country Floral Supply next month will merge onto Interstate 580 and relocate to a much larger, Catellus-owned facility here.

SAN FRANCISCO-The Chicago-based commercial real estate financing company names former Eastdil Realty vice president Patrick McAllister a director within its Capital Markets Unit in San Francisco.

PORTLAND-Nearly 740,000 sf of net absorption in the third quarter pushes region-wide vacancy down 150 basis points, the largest single quarter drop in almost a decade. Nearly every submarket experienced a net absorption of space during the quarter, combining for a total of 739,000 sf.

BIRMINGHAM, AL-The $1.5-billion merger of locally based Colonial Properties and Richmond, VA-based Cornerstone Realty Income Trust will create a $5-billion enterprise with one of the largest Sunbelt-focused multifamily platforms.