LA JOLLA, CA-A partnership between The Shidler Group and Angelo, Gordon & Co. acquires the office and retail facility on an all-cash basis. Completed in 1983, the four-story building stands at 7777 Fay Ave.

SYRACUSE, NY-A host of federal, state and local officials were on hand Thursday for the groundbreaking of the $160-million DestiNY USA Hotel here.

PORTLAND-Meier & Frank's owner, publicly traded May Co., puts a stop to negotiations with the city regarding the renovation of its 650,000-sf, 16-story Downtown department store and administration building. The RFP for the estimated $80-million project was expected to draw interest from developers across the country.

LONG BEACH, CA-The real estate investment trust acquires the 202-unit Marbrisa Apartments from the Dermot Co. of Del Mar, Calif., which was both the owner and the manager of the 14-year-old complex.