PORTLAND-National Government Properties of McLean, VA, pays $69.75 million for the 375,000-sf class A Downtown office building here that is 98% leased to the General Services Administration for use by the US Army Corps of Engineers, the US Forest Service and the Bureau of Land Management.

SAN FRANCISCO-In its first quarterly report since converting to a REIT, the locally headquartered real estate owner and developer reports rising occupancy and increasing profits.

PRAGUE-The Stockholm-based global construction services group sells the 135,000-sf Bredovsky Dvur property near Vaclav Square in central Prague to the German property fund management company SachsenFonds GmbH for $38.7 million.

BELLEVUE, WA-Seattle-area developer Michael Mastro has acquired about 90,000 sf in two buildings here from a subsidiary of Vulcan Inc. for about $11 million.

BELLEVUE, WA-WestCoast Hospitality Corp. has closed on its acquisition of the 181-room property here, which it has been leasing since January. The lease agreement included a purchase option.

TORONTO-The locally headquartered international hotel company is acquiring a 15% stake in a new 401-room resort near Playa del Carmen that it will manage, and also has the option of participating in an adjacent vacation ownership complex.

SANTA CLARA, CA-The San Jose-based Web conferencing company signs on for seven floors of the 12-story Mission Tower II, a 283,000-sf class A office building on Highway 101 at Great America Parkway. The lease commences January 2005.

HILLSBORO, OR-Despite denials by the city planning commission, the city council and the state Land Use Board of Appeals, the warehouse retailer is hoping the Oregon Court of Appeals will reverse the decisions and allow its first store in Washington County.