SEATTLE-The former executive director of the Port of Portland this week has been named executive director of the Washington State Ferries. Mike Thorne will take the helm of the ferry system Monday, Jan. 7.

NASHVILLE, TN-Konover Property Trust sold the 285,000-sf property on Music Valley Drive, northeast of Nashville, to Two Rivers Corporate Centre for $19.65 per sf.

LOS ANGELES-Commercial property owners nationwide can expect a hike in insurance premiums this year as the 9/11 attack continue to take a stronghold on the economy. Premiums are projected to escalate from 40 to 70 percent.

CARLSBAD, CA-The Aston Views Corporate Center, an 87,000-sf multi-tenant office building in the Carlsbad Research Center, is complete with a tenant in tow. Tenant improvements will begin soon.