SPOKANE, WA-The locally based hotelier forms West Coast Hospitality Trust to offer up to $46 million in trust preferred securities, the proceeds from which will be used in part to redeem all of its Series A and Series B Preferred Stock.

GREENWOOD, IN-Quadrangle Development Co. of suburban Chicago is developing the expandable building on the I-65 distribution corridor southeast of Indianapolis. It is being designed to cater to third-party logistics companies.

SACRAMENTO, CA-The Newport Beach, CA-based real estate investment and development firm sells the six-building, 85,742-sf Lincoln Village Park commercial office development here for $9 million.

LAS VEGAS-A development being planned for 44 acres near the Las Vegas Airport by publicly traded ILX Resorts Inc. will be significantly larger than the existing entitlements for the site, a source close to the project tells GlobeSt.com.

PORTLAND-In its third new hire in recent months, the locally based real estate merchant banker and development advisory hires Stephen Wong, a longtime acquisitions officer for LaSalle Investment Management who has spent the last two years doing the same for Harsch Investment Properties.

KENT, WA-G REIT Inc., a public but un-traded REIT managed by Santa Ana, CA-based Triple Net Properties Realty Inc., will close next month on four former Boeing buildings here totaling 435,894 sf.

KIRKLAND, WA-A separate account client of Morristown, NJ-based SSR Realty's Multi-Housing business unit acquires the 161-unit property from an affiliate of SECO Development Inc. The sale price was $31 million.

AUSTIN, TX-The Real Estate Finance Challenge put on by the University of Texas' McComb's School of Business is won by the University of California at Berkeley's Haas School of Business.