SEATTLE-The investment arm of billionaire Paul Allen is now waiting out a public comment period for a Master Use Permit on the project, which is adjacent but not part of Interurban Exchange, an adjacent multi-property development in the South lake Union area that Vulcan is developing with Schnitzer Northwest.

PORTLAND-Current options for reusing the aging, oversized glass box include a big-league hockey facility, a three-level amateur sports complex or a semi-deconstructed coliseum converted for use as a roofed, open-air amphitheater.

PORTLAND-Construction on the 283-unit multifamily complex near Mall 205 was completed in 2000. Wayne Rembold bought the 10.8-aacre property, the former Russellville School, in October 1996 for about $3 million.

PORTLAND-SKB paid $20.76 million for residential and retail development at 23rd and Northwest Burnside, which includes the 72,000 sf shopping center, 47 apartment units and a "potentially developable pad" of about 55,000 sf. The acquisition--its first in Portland--closed late last week.

PORTLAND-SKB paid $20.76 million for residential and retail development at 23rd and Northwest Burnside, which includes the 72,000 sf shopping center, 47 apartment units and a "potentially developable pad" of about 55,000 sf. The acquisition--its first in Portland--closed late last week.

PORTLAND-The company signs a 10-year, $973,000 lease for 6,700 sf in the former J.K. Gill Building on Fifth Avenue, which is owned by the county. In another deal, the county inks a $1.5-million deal to master lease a hotel for low-income housing.

LOS ANGELES-In its first acquisition as a as a publicly traded U.S. office REIT, New York-based Trizec Properties increases its ownership stake in the 41-story, 915,000-square-foot class A office tower from 25% to 100%.

PORTLAND-Shilo Inn founder Mark Hemstreet puts on the market five more of his 27 hotels currently being protected from creditors through Chapter 11 bankruptcy filings. Half of the bankrupt hotels are now on the market.