SAN MATEO, CA-The provider of integrated streaming media tools and systems inks a direct, 62-month lease here for about 11,000 sf at Oyster Point Marina Plaza.

BELLEVUE, WA-On behalf of investors, Maxwell Drever's Concierge Asset Management pays $38.6 million for the property in 2002, spends another $4.6 million on upgrades, raises monthly rental collections by 27% and then flips it to a wholly owned subsidiary of Archstone-Smith for $50 million.

PORTLAND, OR-The law firm inks a long-term lease renewal for four-and-a-half floors in Wells Fargo Center, a 694,000-sf, class A office building in the CBD here.

SYDNEY-The NSW Supreme Court approves the merger plan, authorizes further negotiations and the mailing of explanatory material to shareholders. The merger would create an $11-billion real estate investment firm.

PORTLAND, OR-The facilities division of the state Department of Administrative Services pays Schnitzer Investments $5.5 million for a 77,514-sf industrial building here known as Building B at Techpointe Commons.

MALMO, SWEDEN-With a tenant signed on for about one third of the project, a unit of Skanska Project Development Sweden is starting a 100,000-sf office development on the site where Skanska's local office once stood.

TACOMA, WA-The phased, multi-building project by Vision One LLC will cover three blocks and include ground-floor retail and office space. The project's first phase of development--a six-story, 93-unit structure--is slated for completion in fall of 2005.

SAN FRANCISCO-A group led by local developer Joe Cassidy has landed the construction financing it needs to go vertical for the sale of a residential development at 555 Fourth St. in the South of Market neighborhood.