TORONTO-The locally based REIT takes full ownership of the Downtown entertainment and retail complex here, paying $30.8 million for the 50% it didn't already own, and announces 62,000 sf of new leases that will bring the property to 100% occupancy.

EVERETT, WA-The buyer of the vacant property is Seattle-based Washington Real Estate Holdings LLC. A team of brokers from Colliers International have the leasing assignment. The purchase includes space for an additional 45,000-sf building.

LAS VEGAS-Chicago-based Diversified Real Estate Concepts and Marcus Hotels & Resorts of Milwaukee are joint venturing on a high-end, 255-unit condo hotel here, one block east of The Strip.

ROSEVILLE, CA-With the first 55,000-sf building leased prior to completion, Shea Properties is gearing up to start construction early this spring on a second 55,000-sf building. The 36-acre, $120-million development will eventually hold 10 buildings totaling 600,000 sf.

SEATTLE-Overall, the region posted 128,00 sf of positive net absorption in the fourth quarter for a year-end total of 552,000 sf, which pushed vacancy down to 16.3% from 16.8% at the beginning of 2003.

OMAHA, NE-The locally based real estate company on Tuesday offered 16.8 million shares to the public at $10 per share. By the end of the day, shares were trading at a 30% premium to the offering price.

LYON, FRANCE-In one of the largest build-to-suit agreements in France over the last 12 months, a leading French retailer for electrical supplies signs on for 467,110-sf of distribution space here, at ProLogis Industrial Park Isle d'Abeau.

PORTLAND-In its first purchase of 2004, the locally based investment firm buys Willowbrook Business Park, a retail and commercial services property in Tigard, OR with 50,635 sf of lettable space. In 2003, the company acquired $114 million worth of real estate and spent another $67 million on new development.