PORTLAND-The Portland City Council declares its support for turning the money-losing 43-year-old structure adjacent to Rose Garden Arena into a major community athletic and recreation complex.

SAN FRANCISCO-Preparing to relocate from Burlingame, CA, children's clothing retailer Gymboree subleases 70% of 500 Howard St. from Sun Microsystems. The 13-year commitment matches the remaining term on Sun's master lease of the entire 230,625-sf building; the rental rates surely do not match.

IXTAPA, MEXICO-The London-based banking behemoth hires Jones Lang LaSalle to dispose of two beachfront hotels--one here and one in Mazatlan--that it came to own through its 2002 acquisition of the Mexican bank GF Bital.

SPOKANE, WA-The locally based company, which filed for bankruptcy in February, is seeking a buyer for its 18-story Downtown headquarters and likely several other local properties.

PORTLAND-The Portland Development Commission is set to authorize construction of a light watercraft center within the Holman Building and an associated dock. The Portland Boathouse has agreed to lease a portion of the property.

NANJING, CHINA-The locally based developer chooses JBZ Architecture + Planning of Newport Beach, CA to design a several hundred million dollar mixed-use development on about seven acres in the Hexi District.

CUPERTINO, CA-Unable to retain a new independent auditor while it is still considering a lawsuit against PricewaterhouseCoopers, which quit the post in January without completing its annual review, the locally based REIT delays its 10-K indefinitely.

PORTLAND-It is the first of three property acquisitions that could lead to a $100-million redevelopment of three blocks at the south end of Downtown, near Portland State University.