SEATTLE-The long term fixed rate financing from TIAA pays off the construction loan for the two-building, 222,000-sf development. Competition to arrange financing was very competitive in part due to the property's long term leases with University of Washington and Safeco Insurance Co.

CLACKAMAS, OR-The Dolan family acquired the site early last year for $1.9 million and is developing the building. Their company, Globe Lighting, will occupy 10,000 sf. David's Bridal has signed on for the remainder.

PORTLAND-The national retailer of office supplies agrees to acquire a regional distribution building that will be built to its specifications on 20 acres in the Gresham portion of Catellus Development Co.'s 230-acre Southshore Corporate Park.

PORTLAND-Although it will take 18 to 24 months to climb out of the hole, vacancy rates are expected to stabilize in 2003, peaking at 13% Downtown and 20% in the suburbs as slight employment growth begins a slow recovery, according to Grubb & Ellis' annual forecast report.

PORTLAND-ScanlanKemperBard Cos. acquires 283,874 sf in three historic buildings--the American Bank Building, Jackson Tower and the Mohawk Building. Some 30% of the buildings' income is derived from ground-floor retail, which comprises just 17% of the buildings' total square footage.

SEATTLE-Merrick Lentz Architects is redesigning a 10,000-sf retail building at the southwest end of Lake Union for owner Jerry Tenney. Outback Steakhouse is slated to open an 8,100-sf restaurant in the building.

KENT, WA-The principals of Tri State Distributors acquire property within Boeing Realty's 240-acre Pacific Gateway Business Park and negotiate with Trammell Crow Co. for construction of a 59,000-sf distribution building.

LAKE OSWEGO, OR-Thanks to nearly 18,000 sf of new and renewal leases over the past two months, the 86,600-sf retail center just off the city's main intersection has just 2,000 sf left to lease.