KIRKLAND, WA-The international property development and investment firm Grosvenor Group pays $48.6 million for Chelsea at Juanita Village, a year-old upscale apartment community that includes 196 apartments and 20,500 sf of retail.

COPENHAGEN-Skanska is selling the 156,000-sf office building it is developing here to the holding company for Forstædernes Bank, which had signed a lease for the entire building that included a purchase option.

BELLEVUE, WA-The online provider of health, beauty, vision and pharmaceutical products has leased 53,256 sf at One Bellevue Center, a 353,552-sf office building Downtown that is owned by Equity Office Properties.

BEND, OR-SIMA Corp. lands Bed Bath & Beyond, Best Buy and Petsmart as anchors for its estimated $25-million transformation of the 350,000-sf enclosed mall here into a 440,000-sf open-air center known as Cascade Village Shopping Center.

SAN FRANCISCO-Wattson Breevast's redevelopment of the Shops at Tanforan here is finding plenty of takers. The latest tenant to make an early commitment is Old Navy, which is part of Gap Inc.

CABO SAN LUCAS-JMJ Development of Dallas and Pueblo Bonito Group of Bonita, CA agree to develop Cabo Pacifica, a 1,200-acre resort project that will include golf courses, hotels, condominiums and single-family homes.

ISSAQUAH, WA-On the heels of a similar bid by Seattle-based Swedish Medical Center, Overlake Hospital Medical Center submits a 'certificate of need' application to the state Department of Health for a 120-bed hospital here that would cost $203 million.

SYDNEY-Lend Lease Corp. says it has agreed to sell its Rosen Real Estate Securities division to an entity controlled by the division's CEO and portfolio manager Michael Torres. As well, Lend Lease says it has a new management structure and it will not include relatively new finance director Jo Curin, who decided not to relocate to Sydney as previously planned.