SEATTLE-One of the largest independently owned produce companies in the Pacific Northwest pays the Port of Seattle $18.5 million for two warehouse buildings at Terminal 106 East in the Duwamish industrial area.

SAN FRANCISCO-As part of a reorganization plan filed last week in US Bankruptcy Court, the owner of the Clift Hotel here proposes to pay off creditors by selling the 373-room hotel to affiliates of Divco West Properties for $71 million. Most of the money would be used to pay off the $67 million in securitized debt on the property.

BATTLE GROUND, WA-Elie Kassab's Prestige Development formally breaks ground near here this week for a 70,000-sf retail and entertainment center.

SEATTLE-Selig Real Estate Holdings Five LLC pays off a two-year-old, $56.6-million adjustable rate Bear Stearns loan on the 25-story office building here with a $67-million fixed-rate loan from JP Morgan.

PLEASANTON, CA-Carden West, a local nonprofit private school, signs a 10-year lease for Quaker Oats' former headquarters, a 46,000-sf tilt-wall office building built in 1987 that sits on five acres fronting Willow Road.

MALMO, SWEDEN-Looking to invest in new projects, the Stockholm-based real estate company agrees to sells the office building here known as Baltzer City to a Deutsche Bank Group-managed fund for $47.4 million (SEK $354 million).

PALO ALTO, CA-The locally based apartment REIT completes a $160-million initial closing for Essex Apartment Value Fund II LP one month after hiring Credit Suisse First Boston "to evaluate strategic alternatives" for its predecessor.

NAPA, CA-The Northbrook, IL-based vacation ownership developer closes on a 12-acre view property here after gaining planning commission approval for a 200-unit hotel and vacation ownership resort.