PALO ALTO, CA-Locally-based Meridian Property Company, a recently founded commercial real estate company, hires Richard Zalatoris to lead its aggressive effort to become a major added-value player in the Bay Area commercial real estate market.

RIDGEFIELD, WA-The Seventh-day Adventist Church wanted to build a regional headquarters building on agricultural land it owns near here, but Clark County commissioners said it can't supercede zoning laws because the property won't be used primarily for worship.

FAIRVIEW, WA-U.S. Bank says it is owed more than $8 million, and will force the sale of an apartment complex and two homes in the 95-acre planned community if it doesn't get its money. Charlie Haugh tells GlobeSt.com that won't happen.

PORTLAND-Real estate sources close to the sale of the 190,000-sf, four-story building at 2525 SW First Ave. should close in the next 60 days. Many well-known Portlanders have had their hands on the building through the years.

PORTLAND-The $100 million in bonds taken out by the city will be paid off by a 2.5% additional tax on hotel and car rental receipts that also will fund an expansion of Downtown's Fareless Square and renovations to the Center for the Performing Arts and PGE Park.

BEND, OR-Bachelor's largest shareholder, Eugene-based PapeGroup,is considering a counter offer to keep the ownership local, and financing the acquisition of Inn of the Seventh Mountain, a lodging resort that serves the mountain.

PORTLAND, OR-Said to be signed or close to signing lease agreements in the five-block redevelopment project are outdoor recreation retailer REI and the home furnishings store Z Gallery, as well as The Art Institute of Portland, Whole Foods Market, Everyday Music and P.F. Chang's China Bistro.

SANTA CLARA, CA-The nation's leading provider of Internet data centers, which makes its home here, is having a 89,000-sf facility developed in Lindon, UT for its Web-based business testing services subsidiary Exodus Performance Labs.