PORTLAND-Copeland Sports opts out of its 10-year Downtown lease after five years, opening the door for Nordstrom Rack to rise out of its subterranean space across from the Rouse Co.'s Pioneer Place development and nearly double its leasehold.

NORTH HIGHLANDS, CA-A Pismo Beach, CA-based private investor acquires the Alder Grove Apartments in this Sacramento suburb with plans to sell off the units as condominiums over the next 18 months. The property was 95% occupied at the time of sale.

SEATTLE-RC Hedreen recently announced plans for a Downtown 33-story hotel and condominium tower near the Elliott, a 29-story hotel it completed in 2000 in conjunction with the expansion of the convention center.

LITTLE ROCK, AR-The $87.4-million transaction between two publicly traded companies includes the assumption of a $41.3-million loan with an interest rate of 8.69% that matures in 2010.

QUEENSLAND, AUSTRALIA-Lend Lease Corp. Ltd. and Japan's largest publicly traded condominium developer sign an agreement for the development of 12 residential apartment towers in Surfer's Paradise, a city on the south side of Brisbane.

SAN FRANCISCO-The provider of travel and entertainment for women pays $200 per sf for a 25,000-sf building and parking lot near PacBell Park. The company will relocate its national headquarters there from Oakland later this year.

TIGARD, OR-The maker of software used by lending institutions buys a 13,237-sf class building here in order to accommodate its expanding operations. The company has relocated its operation to the building from a much smaller property it owns in the John's Landing area of Portland.

LACEY, WA-In a complicated deal involving the assumption of a conduit loan, nine investors from Oregon, Washington, California and Virginia pay $15.6 million for the Lacey Center, a 152,605-sf shopping center that is 95% leased and anchored by Safeway, Big Lots, Dollar Tree and Hollywood Video.