LONDON-Minerva has pulled out of prolonged takeover talks. Officials of the firm, who last year were hoping for acquisition bids of €894 million ($1.1 billion), say now that the proposed bids did not properly reflect the value of the properties it owns.

HOUSTON-HCM Holdings LP will fuel up to $200 million of multifamily and retail projects targeting a growing middle class. For-sale condos and grocery- and big box-anchored projects are on order. The first one should be under way within six months.

SEATTLE-The state Department of General Administration has selected a lease proposal that, if approved, would move the state Office of the Attorney General into Bank of America sublease space catty corner from its current location.

PORTLAND-Unable to release the "full proposals" as promised after one previous delay, the city's urban renewal agency produces bulleted briefs of the competing plans showing who's aligned with whom, number of floors and parking spaces, project schedule and whether the 800 required rooms would be delivered in phases.