PORTLAND-The 119,000-sf riverfront office development on Northwest Naito Parkway was purchased last month by pension fund advisor McMorgan and Co. LLC. Insignia/ESG was selected to handle management and leasing.

GRESHAM, OR-If the facility sells as the ready-to-use semiconductor manufacturing facility it is, it is expected the specialized equipment would push the sales price into the hundreds of millions of dollars.

PORTLAND-The Port of Portland will sell the City 7.94 acres of unimproved land for $2.7 million, lease an adjacent 5.5 acres for $15,950 per month and lease a 129,000-sf warehouse by the Fremont Bridge for $61,000 per month. The City is utilizing the property for a $300-million sewer project.

RENTON, WA-In March 2002, occupancy rates in the area including SeaTac International Airport and Southcenter Mall were down to 55.4% from 60.4% in March 2001, according to Bellevue-based Wolfgang Rood Hospitality Consulting.

HILLSBORO, OR-Federal Realty Investment Trust says it's no longer building new malls only buying existing ones and so its property here is on the market. With the International Council of Shopping Centers annual gathering just two weeks away in Las Vegas, a sale could be forthcoming.

PORTLAND-Santa Ana, Calif.-based Corinthian Colleges Inc. renews a 26,800-sf lease at 425 SW Washington St. for its Western Business College unit, which is housed on the class B building's top four floors.

PORTLAND-Carol Ambrose, formerly head of property management for the Portland office of Grubb & Ellis, starts a new gig today as the local head of property management for publicly traded PS Business Parks, which owns over two million sf in the area.

WEST LINN, OR-The council voted unanimously last week to raise the system development charge for parks to $5,817 for each new apartment unit. Previously, it was $2,886 per unit.