SAN JOSE, CA-Employment is still dropping and vacancy is still rising in the San Jose area, according to a second quarter market report by the tenant rep firm CRESA Partners San Jose.

VANCOUVER, WA-LaClede Chain Manufacturing is moving from a PacTrust-owned building on Northwest Yeon Avenue in Portland to Schnitzer Investment Corp.'s Columbia Business Center in Vancouver, WA, in part to avoid Multnomah County's corporate excise tax, according to a broker involved in the transaction.

COLUMBUS, IN-Schostak Brothers & Co. of Southfield, MI, sells the Fair Oaks Mall it developed in 1990 to a New York-based private investor for $47.60 per sf. Located 40 miles south of Indianapolis, the mall was approximately 89% leased at the time of sale.

TACOMA, WA-The Albers Mill building, Marriott Courtyard hotel, Rainier Pacific Bank building, Ted Brown Music building and Fraternity Hall projects will all receive a portion of the tax credit allocation.

PORTLAND-The council expects to approve the development agreement at the end of the month. The agreement covers development of the central district, which comprises 31 acres of the 130-acre South Waterfront area and at build out will hold some 2,700 units of housing as well as a satellite campus for Oregon Health Sciences University.

SANTA CLARA, CA-Both Greg Davies and co-owner partner Dennis Chambers will continue providing strategic direction for the firm, which they affiliated with in 1981 and owned outright by 1992.

TORONTO-The two malls--West Ridge Place in Orillia, Ontario and Southland Mall in Regina, Saskatchewan--contain a combined 658,000-sf of retail space that is more than 97% occupied.

FIFE, WA-The Trans-Pacific Industrial Park in Fife is a multi-tenanted manufacturing, distribution and retail facility consisting of 11 buildings with clear heights between 18 and 24 feet. It is the largest industrial transaction of the year, according to CB Richard Ellis.