PORTLAND-The presidents of the two companies will purchase and rehabilitate the 91,000-sf building on the East bank of the Willamette River to house their businesses.

GENEVA-The locally based property consultancy PI Performance Immobiliere agrees the exclusively represent CB Richard Ellis in Switzerland. The 15-person firm has offices in Geneva and Zurich.

TORONTO-In the process of exiting the US property market, locally based Summit REIT agrees to purchase 25 light industrial buildings primarily located in the Greater Toronto area. The transaction is scheduled to close in August.

FREMONT, CA-The food service distributor inks a six-year lease here for space it has occupied for the past 10 years. The lease is one of several that have occurred here over the past 30 days.

BEAVERTON, OR-The Beaverton City Council signs off on a notice of default to Dorn-Platz that says the Glendale, CA-based developer is not adhering to its agreement for the estimated $90-million Downtown development. Dorn-Platz tells GlobeSt.com it has requested the two parties enter mediation.

SALT LAKE CITY-The multifamily-focused affiliate of The Bascom Group scoops up a 126-unit apartment complex near here that is 30% leased for $28,571 per unit--one of the lowest unit values for any apartment community above 100 units sold in the last decade in the Salt Lake City Metro Area.

FRENCH LICK, IN-The Indiana Gaming Commission selects Trump Hotels & Casino Resorts to build and operate a casino here in the south central portion of Indiana. Construction will begin later this year.

BUDAPEST-The German fund management company SachsenFonds Gmbh is acquiring Science Park, a new office development on the south Buda side of Budapest that is 90% leased.