PORTLAND-Trammell Crow Company, which is developing 50 acres in the Port of Portland's Rivergate Industrial District on behalf of Multi-Employer Property Trust, inks a 402,450-sf deal with the Georgia-Pacific subsidiary for the second phase of the 1.1-million-sf development.

BOSTON- Meredith & Grew's fourth quarter report indicates that the city's real estate market continues to experience high vacancy rates, declining rental rates and negative absorption. But there was an increase in velocity and the amount of sublease space has leveled off.

LONDON-The Osprey Limited Partnership, managed by Teesland's Equity Partnerships Fund Management, has paid Clerical Medical Investment Managers pounds 5.1 million ($8.4 million) for a retail portfolio which shows a 6.5% initial yield.

MIAMI-The manufacturer of high-end cabinet displays for the retail industry is subleasing a 232,000-sf, free-standing building in Weston, FL from Circuit City Stores Inc. Quantum has assumed the remaining 14.5-year lease term.