AUSTIN, TX-San Francisco-based Drawbridge Realty Trust has acquired Sierra Technology Center in Austin for an undisclosed amount.

SAN RAMON, CA-Pacific Gas and Electric Co. (PG&E) has inked a new lease for 145,000 square feet at 6111 Bollinger Canyon Road.

AUSTIN, TX-CBRE Group Inc. has closed three lease deals totaling 18,322 square feet at the Stonebridge Plaza at 9606 N. MoPac Expressway in Austin.

CHICAGO-Wells Fargo Bank NA, based in San Francisco, is poised to take hold of a Michigan Avenue office building after filing a $103-million foreclosure lawsuit nearly six months ago.

BUFFALO-Ellicott Development Co. will open its new hotel on Wednesday night in West Seneca.

NEW YORK CITY-The Meatpacking District structure that houses Pastis is slated for a redevelopment along with the adjoining property.

WASHINGTON, DC-Allen & Overy LLP is negotiating a lease deal to nearly double its District offices.

CAMBRIDGE, MA-Biopharmaceutical company, Merrimack Pharmaceuticals has inked a lease renewal and extension at One Kendall Square located in Cambridge, Massachusetts.