SAN FRANCISCO-BT Commercial SVP Dan Wald, who brokered one side of the deal, tells GlobeSt.com that the asking price was $45 million and there were 14 qualified buyers, none of which bid more than 10% below the asking price.

BEND, OR-The 486-acre development, called Northwest Crossing, will eventually encompass 1,000 single-family homes, 350 multi-family units and more than 70 acres zoned for commercial and industrial uses. The developer is a partnership between Brooks Resources Corp. and Tennant Developments.

BELLEVUE, WA-Having made a killing once already, the long-time apartment investor is out from under a non-compete clause and bargain hunting again. His fund's first Northwest buy is the Overlook at Lakemont, a 400-unit garden-style luxury complex in Bellevue that he picked up for $38.6 million, or about $96,000 per unit.

PORTLAND-Steinway piano retailer Sherman Clay & Co. signs a $3-million, 10-year lease for 11,700-sf on the ground floor of a full-block former warehouse at NW 13th Avenue and Davis Street. An office user is also close to signing on for another 10,000 sf at the top of the building.

GRESHAM, OR-The Gresham City Council accepts a concept plan put together by a citizen steering committee that outlines how Pleasant Valley will be developed and annexed. Planners say development could begin by 2004.

VANCOUVER, WA-Several months after submitting for a 162,000-sf expansion at the 887,000-sf Vancouver Shoppingtown, Westfield America Inc. now is pondering a much smaller expansion, if any at all.

SPOKANE, WA-The revolving facility is a syndicate of six lenders. The agent is U.S. Bank. The most current interest rate under this credit facility was set at 4.375%. The maturity date is now July 2005.

GRESHAM, OR-The City of Gresham wants to rescind the attached rental housing prohibition throughout West Gresham and concurrently require said dwellings in West Gresham be developed in conjunction with commercial, office, or community service uses. A public hearing will be held Aug. 12.