PORTLAND-Built by the Nicolai family in 1885 as a luxury hotel, the four-story historic structure currently houses 17 retail and office tenants. The $2-million seismic upgrade was triggered by the Nikkei Legacy Center's commitment to spend $400,000 building out a Japanese history museum on the ground floor.

SACRAMENTO, CA-The California Association of Realtors says it will lobby for four bills that will "improve homeownership opportunities for renters, increase the supply of second units, reform the low- and moderate-income housing requirements and increase the flexibility and usefulness of the density-bonus law.

ANTIOCH, CA-A Santa Ana, CA-based tenant-in-common sponsor sells the Delta Fair Shopping Center here to a Pleasanton, CA-based family trust for $16.5 million.

LAS VEGAS-As the second part of its acquisition of Epic Resorts from Prudential, the publicly traded vacation ownership company acquires 5,800 performing loans and 5,300 largely defaulted ones.

SAN FRANCISCO-Harsch Investment of Portland, OR had another record year in 2003, adding $182 million to its industrial, office and retail real estate portfolio, but in the process it skipped over the Bay Area. Company president Jordan Schnitzer does not want that to happen in 2004.

ISSAQUAH, WA-The Seattle-based nonprofit healthcare organization will spend $20 million to open the first stand-alone emergency room in the state here, in a 55,225-sf, two-story structure adjacent Interstate 90 that is owned by the state Department of Natural Resources.

KYUSHU, JAPAN-The joint venture that includes publicly traded Chelsea Property Group of Roseland, NJ opens its fourth manufacturer's outlet center in Japan as it plans to expand two other properties there and break ground on a fifth location by the end of the year.

OAKLAND, CA-In order to reduce its lease commitment in the Kaiser Center building here from 75,000 sf to 25,000 sf, the software company releases $4.2 million of its $4.8-million letter of credit, hands over 50,000 shares of its common stock and extends the term of its reduced obligation by two years to mid-year 2010.