SAN FRANCISCO-Ground was officially broken Friday for a 200-room luxury boutique hotel that will rise on the the city's waterfront, across Embarcadero from the recently restored Ferry Building. The co-developers are Joie de Vivre Hospitality and Emerald Fund, Inc.

ELKHART, IN-One of several organizations Bayer considered, Feed the Children will move its international headquarters and Midwest distribution center to the complex and launch a research and development center focused on meeting the nutritional needs of children worldwide.

SEATTLE-A division of ChevronTexaco Corp., Chevron USA is selling 40 Chevron stations in Washington, the last of its corporate-owned stores in the state. There are about 400 Chevron stations in Washington.

WILSONVILLE, OR-Approximately 56% of the 2,300 homes planned for the 520-acre former state hospital property will be apartments and condominiums. The first 60 lots are scheduled to be available for occupancy in the summer of 2004.

NEW ORLEANS-The Woodward Wight Building is a 192-unit, 211,000-sf building on approximately 1.5 acres adjacent to the CBD. The loan was funded through Freddie Mac's Bond Credit Enhancement program.

PORTLAND-The transaction completes a build-to-suit agreement inked in January and includes excess land that would allow for the building's eventual expansion to 455,000 sf.

BELLEVUE, WA-As part of its effort to shed 400 acres of commercial property and focus on residential development, locally based Quadrant Corp. sells the 98-acre Redmond Ridge Business Park and the remaining 52 acres of undeveloped land at Snoqualmie Ridge Business Park.

RENO, NV-The buyer, a Northern California-based investor in a 1031 exchange, assumes an $11-million loan with Prudential that has an interest rate of 8.12%. The in-place capitalization rate on the investment is estimated at 8.8%