SEATTLE-City Investors LLC, the entity that billionaire Paul Allen's Vulcan Inc. has been using to acquire real estate in the South Lake Union area, pays $21.25 million for the better part of two blocks there that are bordered by blocks it already owned.

CHATTANOOGA, TN-The locally based mall REIT pays $61 million in cash and debt for the 784,775-sf River Ridge Mall in Lynchburg, VA and pays $86 million in cash and debt for the 787,255-sf Valley View Mall in Roanoke.

PORTLAND-On a Lloyd District site once occupied by Farrell's Original Portland Ice Cream Parlor, the 225,000-sf project will stack a Zupan's grocery store and 88 condominiums on top of three levels of underground parking.

ONTARIO-The real estate investment arm of the Fortis Inc., a St. John's, Newfoundland-based generator and distributor of electricity, acquires four Ontario hotels from Irving, TX-based FelCor Lodging Trust Inc.

MILAN, ITALY-Deutsche Gesellschaft f|r Immobilienfonds, a German open-end fund, pays 200 million Euro for Bodio Center, a 700,000-sf office complex in the central Milan district of Bovisa.

PALO ALTO, CA-Proceeds from the offering are earmarked for $95.6-million worth of multifamily properties located primarily in Southern California and Seattle that are either under contract or subject to non-binding letters of intent.

PORTLAND-A Boston-based pension fund advisor acquires First Industrial Realty Trust's Portland portfolio, which consists mostly of warehouse distribution space in the city's Northeast Columbia Corridor.

SEATTLE-If all goes as planned Simon Properties will sell six acres of vacant land on the south parking lot of Northgate Mall for a 1,000-unit residential and retail development.