HILLSBORO, OR-With the first building already spoken for in its brand new 27-acre corporate park, the local development company is seeking permits for another three buildings, including a 40,000-sf speculative project that should break ground this year.

PLEASANTON, CA-Cisco buys two of the three buildings in the Lincoln Centre complex here, but is delaying a land purchase in Dublin and abandoning its search for more space in Petaluma as it prepares for an extended slowdown and some 8,000 layoffs.

PORTLAND-Not overbuilt this time around, experts are saying the real estate market is in an unusually good position to reap rewards from the slowing economy--as long as the slowdown doesn't last too long.

TACOMA, WA-Oxbow Capital Partners, a local venture capital company, cuts its commitment for space in the 130,000-sf building from 70,000 sf to 30,000 sf and the developers revert back to using the project's original name.

PORTLAND-This time last year, Equity Office Property's 22-story, 363,000-sf Downtown office building was at 80% occupancy. Today, a $2.3-million lobby renovation is underway and occupancy, at 88%, is on its way to 95% if leases under negotiation are signed.

SEATTLE-Boeing is shifting to its Wichita plant some of its fuselage-assembly work on the 757. Fuselage-assembly work on the 737 already occurs in Wichita, after which it is shipped by rail to Renton for additional assembly and finishing work.

PORTLAND-Moyer, developer and owner of the new Fox Tower office building in the heart of downtown, is talking with several parties interested in operating the track, but his interest in the 126-acre property likely foretells its eventual redevelopment.

ISSAQUAH, WA-The two-building, 197,000-sf Sammamish Park Palce was acquired by Schnitzer Northwest LLC, a subsidiary of Portland-based Schnitzer Investment Corp. that recently picked up an entire downtown block in Bellevue near Meydenbauer Center.