PORTLAND-The 55-year, $4-million lease deal for the 23 acres on which it will be built was reported on GlobeSt.com in December. The transaction closed two weeks ago. The $20-millionproject is being financed by Multi-Employer Property Trust, a $3 billion union trades pension fund.

VANCOUVER, WA-The City Council votes to buy the building at 501 1/2 Main St. for $750,000--less than the asking price but more than double its assessed value--and now plans to spend another $110,000 to demolish the site before finding a joint venture partner to redevelop the property.

PORTLAND-Portland now ranks 47th out of 61 markets worldwide in terms of cost, according to the Grubb & Ellis report, which did not include data on net effective rents, said to be off by as much as 15% here as owners dole out concessions to keep existing tenants and lure new ones.

PORTLAND-Out of 18 locations the Troy, MI-based retailer operates in Oregon, only one rural location is included in a list of 284 stores that Kmart next week will seek approval to close as part of its "initial Chapter 11 financial objectives review.

VANCOUVER, WA-The state Supreme Court declines to hear an appeal from opponents of the would-be 18,000-seat amphitheater on the Clark County Fairgrounds, clearing the way for a construction to begin, possibly this summer.

PORTLAND-Central Bethany Development broke ground this week on an 82,368-sf mixed-use project in Bethany Village, a 130-acre planned urban community situated two miles north of Highway 26 near the Multnomah County line.

HILLSBORO, OR-With this acquisition, California-based Pan Pacific Retail Properties owns 24 shopping centers in Oregon, encompassing approximately 2.9 million sf. Pan Pacific is the largest owner of neighborhood and community shopping centers in the Portland Metro area.

PORTLAND, OR-The score is an average of executives participating in Friday's "100 Best Companies to Work For" event. On the upside, nearly 88% of respondents were not anticipating layoffs at their companies for 2002.