PORTLAND, OR-Watamull Properties Corp. of Honolulu, HI acquires a Wickes Furniture Building in Portland as part of a 1031 exchange transaction. Located in the Delta Park area of the city, the facility encompasses 51,350 sf.

SAN DIEGO, CA-Construction gets underway on Champion Development Group's 280,000-sf luxury project, which is slated for completion in fall 2004. The project is rising on Fifth Ave. in the historic Gaslamp District.

PORTLAND, OR-The city's retail market is expected to remain relatively steady over the next year, says a new report published by Marcus & Millichap Real Estate Investment Brokerage Co.

SAN DIEGO, CA-Real estate heavyweights Dennis Cruzan and Philip Monroe form CruzanMonroe and will focus on development and acquisition of infill office and industrial product.

FALLBROOK, CA-The Ingold Family Limited Partnership sells the 4,700-sf building to DEI LLC. The facility is occupied by Wells Fargo Bank, which has a lease term that expires next year.

DESERT HOT SPRINGS, CA-Vlachakis Properties snaps up two single-tenant buildings located in a retail center anchored by Von's. The facilities, which stand at 14010 and 14280 Palm Drive, are occupied by McDonald's and Big O Tires.

RANCHO BERNARDO, CA-Colrich Communities LLC acquires a 17-year-old multifamily property on 20 acres here at 11880 Caminito Ronaldo. The seller was Rreef Apartment Fund I - Four Inc.

SAN DIEGO, CA-Private investor Hilbert Chu acquires the 20,098-sf building, which stands at 2555 Camino del Rio South. The property is a multi-tenant facility that was nearly 100% occupied at the time of sale.