BEAVERTON, OR-The ground floor lease in one of Creekside's most visible buildings backfills a portion of the 39,000 sf vacated by W&H Pacific in November. RE/MAX will use the space as its regional administrative headquarters.

SEATTLE-Seattle's oldest property development company promotes Richard Stevenson to the position of president and chief operating officer. A. M. Clise, the fourth generation of his family to run the company, will continue on as chairman and CEO.

MADRID, SPAIN-The 167-room property is acquired by a 50/50 joint venture of Orient-Express Hotels and Omega Capital, a major Spanish investment company that owns commercial space, offices and hotel properties in the United States and Europe.

ROCHESTER, MN-The engineering, manufacturing and fulfillment services firm sells its 260,000-sf office and manufacturing facility in Rochester to W. P. Carey & Co. LLC and then leases it back under a 20-year bond-type net lease.

PORTLAND-The 16.7 million sf of flex space in the Sunset Corridor is 14% vacant. The 19.7 million sf of manufacturing, warehouse and distribution space in the Columbia Corridor sits 9.2% vacant.

SAN JOSE, CA-With tens of millions of sf of vacant flex-tech space in the greater Silicon Valley, lease rates could fall to 10-year lows by the end of the year, says Scott Kinder, a CRESA Principal in the San Jose office.

SEATTLE-A five- or six-story extended-stay hotel on Aurora Avenue near Seattle Center is starting the city's approval process along with a 187-unit apartment building slated for a triangular shaped block at the confluence of East Denny and East Madison.

CLEVELAND-In a move to expand its bank syndication capabilities, Key Corp. hires Douglas Harmon, formerly co-head of Merrill Lynch International's Mortgage Desk in London.