KIRKLAND, WA-The two-story, 59,000-sf office building being constructed by Seattle Developer Mike Mastro got underway in September and is scheduled for completion in May 2001. The $15.5 million building will have annual rents ranging from $27/sf to $33/sf, including expenses.

BELLINGHAM, WA-The Department of Housing and Urban Development audit cites numerous problems, including the possibility that ineligible families received housing benefits, and that HUD money has gone into the Tribe's gaming industry. The Lummi Tribe must now repay $1.3 million or provide documentation showing money was use correctly.

EVERETT, WA-Frontier Financial Corp. is planning to acquire Interbancorp Inc., a commercial bank headquartered in Duvall, for $11 million in stock. The acquisition will raise Frontier's total assets to more thatn $1.7 billion.

TACOMA, WA-The permit, which opponents vow to appeal, opens the door for a proposed 440-acre resort west of Mount Rainier National Park. The $70-million to $90-million project would include a 270-room lodge, condominiums, conference center, shopping mall, golf course and spa.

EVERETT, WA-Maritime Trust Co., a Connecticut-based developer, is the Port of Everett's first choice to redevelop the local north marina area. The project, which involves 100 acres of land and water, could take five to 10 years.

SATSOP, WA-The proposed manufacturing plant will be built in the Satsop Development Park. It has been heavily contested by SafeHarbor.com, an Internet company located next to the property. Under the agreement, SafeHarbor will be able to relocate to another building within the park if necessary.

SEATTLE-The capital improvements campaign, the largest fundraising campaign ever launched by a Puget Sound area social services agency, will fund several new sites, including a new seven-story building that will feature a day shelter, an employment center, and 145 low-income housing units.

SEATTLE-The ultra-tight office market here, which is holding steady at a rock bottom 1.1% vacancy rate through the first nine months of the year, has sent lease rates in some new class A office buildings soaring past the $50 per sf full-service benchmark, according to a third quarter report by Grubb & Ellis.