SEATTLE-Martin Selig Real Estate takes out the construction loan for its 145,000-sf 5th & Jackson Building with $32.5-million in financing from CMAC Commercial Mortgage Corp.

PORTLAND-With its renovation of the Governor Hotel well under way Downtown, locally based Grand Heritage Hotel Group is adding to its area holdings with a 50% stake in Paul Brenneke's riverfront Avalon Hotel & Spa.

SAN FRANCISCO-On behalf of investors in an open-end commingled fund, Prudential Real Estate Investors inks a purchase and sale agreement for the 10-building residential and retail development near the intersection of Fillmore Street and Geary Boulevard.

SAN FRANCISCO-On behalf of investors in an open-end commingled fund, Prudential Real Estate Investors inks a purchase and sale agreement for the 10-building residential and retail development near the intersection of Fillmore Street and Geary Boulevard.

INDIANAPOLIS-The master planned development will include office, industrial, retail, medical and residential development, which the locally based office and industrial REIT expects will be valued at more than $750 million upon completion some 15 years from now.

SAN FRANCISCO-On the heels of two other Mission Bay sales, locally based Catellus Development Corp. is in negotiations with the University of California for a 99-year ground lease of 10 acres there entitled for one million sf of office and life science space.

SUMNER, WA-The Sacramento-based development company breaks ground on a speculative, 360,000-sf industrial building at its 85-acre business park here and has a 20-acre land sale and development deal pending with City Beverage for a 125,000-sf distribution warehouse at the north end of the park.

BRATISLAVA, SLOVAKIA-On behalf of its second Central Europe property fund, the Chicago-based real estate investment management firm acquires this county's largest office complex, a three-building development comprising 650,000 sf. The firm's previous investments in Central Europe have focused on Poland, Hungary and the Czech Republic.