SPOKANE VALLEY, WA-In a transaction delayed by the seller being placed in receivership, the Spokane Valley Plaza shopping center is acquired for about $13.3 million. The buyer will add 50,000 sf to the project, which is shadow-anchored by Wal-Mart and Toys 'R' Us.

KAUAI, HI-The White Plains, NY-based hotelier heretofore had been managing the property under its Sheraton brand for the seller, Obayashi Corp.

MADERA, CA-The Las Vegas-based publicly traded casino operator lands its third tribal partnership in the past year, keeping pace with its better known Las Vegas-based competitor, Caesars Entertainment, which also has cut four such deals in recent months.

NIAGARA FALLS, ONATRIO-Over the next two years, Ripley Entertainment says it will develop its first ever resort by filling 25 acres here with a 404-unit hotel, a 90,000-sf indoor waterpark and a 115,000-sf aquarium.

SPOKANE, WA-As soon as an anchor tenant is signed, the 110,000-sf project will transform a vacant former department store here into the first class A office building to be developed in the CBD in 15 years.

PORTLAND, OR-A pair of developers from Denver and Phoenix plan to rehab a 147,000-sf mining equipment manufacturing plant in the Columbia Corridor that includes 11 acres of excess land for new development.

ENCINO, CA-In the office market, the disconnect between pricing and fundamentals in the office market should work itself out in the next three to four years, with increasing tenant demand in 2005, according to the report. Apartment operators will get some relief this year, but a recovery in market fundamentals will be muted until next year. Meanwhile, retail will continue to be the most stable investment.

LA CENTER, WA-The Cowlitz Tribe submits an application to the Bureau of Indian Affairs to place 152 acres of land located 15 miles north of the Oregon-Washington border in a federal trust, a move that would allow development of a casino on the property.