PORTLAND-The owner of the Rose Garden Arena, home of the NBA's Portland Trailblazers, files for protection from creditors under Chapter 11 of the US Bankruptcy Code while it attempts to restructure its relatively high-interest debt from the arena's construction.

PORTLAND-"The resumption of job growth along with anticipated increases in retail spending and household income will keep retailers optimistic about the Portland market" in 2004, according to a new report by Marcus & Millichap.

FOLSOM, CA-Heller Co. of Sacramento purchases a 17,152-sf former State Farm claim office with two acres of adjacent land on which it plans to develop another office building. The building is one of 44 former State Farm properties in California being sold by Newport Capital Advisors.

COLUMBUS, OH-The international manufacturer of high-end bicycle equipment signs a six-year lease for space at ProLogis Capital Park South in Grove City, near Columbus.

SEATTLE-With Eddie Bauer vacating the base of the Skinner Building this week in favor of a much smaller space in nearby Pacific Place, construction is set to begin for its more financially stable replacement, Brooks Brothers, which is creating its Northwest flagship in the Downtown office building.

SEATTLE-Projections by economist Paul Sommers show redevelopment of the area over the next 20 years generating hundreds of millions of dollars in tax revenue for the state and the city.

SEASIDE, OR-The group that developed the 117,231-sf asset on Highway 101 and held it for eight years sells it for within $1 million of the asking price to a San Jose couple buying their first asset outside of California. The couple plans to add eateries to the property, which is 94% occupied.

REDMOND, OR-Lexington Corporate Properties Trust spends $16.4 million on a 77,484-sf call center here that is net leased through 2018 to a subsidiary of T-Mobile USA.