PORTLAND-According to a new report that ranks Portland 24th out of 38 retail markets, retail vacancy in the region will decrease from 6.5% to 6.3% by year's end while average asking rents will rise by 0.5% to $18.60 per sf.

PALM DESERT, CA-The Davis Street Land Co. of Evanston, IL, buys the shopping center from Washington, DC-based Madison Marquette, developer of the 95%-leased center with Saks as an anchor and Tiffany en route.

LAS VEGAS-The James P. Hanson Accountancy Corporation acquires the 321-unit Rancho Del Norte in North Las Vegas for $19.32 million, and an LLC acquires the 353-unit Decatur Villas for $20.18 million.

DENVER-AmeriVest, a REIT with a market cap of about $75 million that specializes in medium and small office buildings, has reported a stable per share FFO in the first quarter of this year, even though more shares are currently outstanding.