SPOKANE, WA-WestCoast stock hit a 52-week low of $5/share yesterday, and the news isn't much better today. The company is reporting a 6.1% drop in net income for the third quarter due to higher interest costs, depreciation and amortization, income taxes and a one-time, non-cash charge.

PORTLAND-Wilshire Real Estate Investment Inc. sells five retail buildings and an office complex/warehouse/distribution center - a total of 444,864 sf - to Madrona Park II LLC for $28.8 million. Madrona assumed debt of $20.3 million as part of the deal.

PORTLAND-In addition to the benefits for existing residents and businesses, the enhancements - including voice mail, high-speed Internet access and fiber optics - will allow rural economic development departments to actively court new employers that require such infrastructure.

PALO ALTO-The news, announced after close of markets Wednesday, hasn't hurt or helped the company's stock price much. Shares are up 12 cents in early afternoon trading to $52.50, $4 off the 52-week high it achieved in late September.

PORTLAND-The high tech industrial sector was back in expansion mode during the third quarter, according to a just-released third quarter report by Grubb & Ellis. Lease rates also are ticking up a bit after several years of stagnation, encouraging speculative developers.

PORTLAND, OR-With class A vacancies still tight, dotcoms were responsible for much of the leasing activity in class B and C buildings downtown, according to third quarter numbers from Grubb & Ellis. Meanwhile, in the high-tech haven located west of town, several projects were leased up before they hit the market.

PORTLAND-Christenson, one of Northwest's largest electrical contractors, acquires the 60-person company for undisclosed financial terms as part of an overall expansion plan that includes a six-week-old Seattle office.

PORTLAND-Terry Shanley is currently a senior management team member in the 75-person Portland office, and has been manager of its Asset Services Group since 1998. Thomas Usher, who has run the local office for 20 years, is transitioning back into brokerage.