SEATTLE-Proceeds from the disposition of the Johnson Hardware Building near the city's professional football stadium will be used to support the county's youth sports programs. King County purchased the 42,600-sf, two-story brick structure in 1980 for $950,000; It's current appraised value is slightly more than $2.3 million.

NASHVILLE-Argus Realty Investors and 19 of its tenant-in-common investors acquire the Grassmere Corporate Plaza here for $21.6 million. The property is master leased by Deutsche Bank through November 2006.

PORTLAND-The 6.5-acre property holds a 54,000-sf building being vacated by Toyota Motor Sales USA, which is relocating its operations in the building down to the waterfront area of Terminal 4. The buyer, an investor, has another tenant ready to fill the space.

SEATTLE-The locally based storage REIT says about 50% of its facilities in Florida and Georgia sustained damage related to the four hurricanes that recently lashed the states.

SEATTLE-The US Department of Housing and Urban Development will provide the City of Seattle $2 million in Brownfields Economic Development Initiative grant money and $10 million in Section 108 loan funds to assist in the redevelopment of contaminated sites.

DUBLIN, CA-Wells REIT II acquires Emerald Point, a 194,000-sf class A office building that is 100% leased by two tenants. The seller was an institutional client of Lowe Enterprises Real Estate Group.

TORONTO-The only Canada-based REIT focused exclusively on US commercial real estate picks up its first office building in Maryland and its fourth in Florida, pushing its portfolio to 34 buildings and nearly eight million sf.

SAN FRANCISCO-Pacific Gold Equities LP, the New York investment group that bought Bank of America's holding in the 1.8 million-sf Financial District complex in July, now owns Shorenstein's stake as well.