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RENTON, WA-Christopher E. Burdett, a vice president with Colliers International Hotels in Seattle, tells GlobeSt.com the second quarter has begun to bustle around Puget Sound's institutional hotel market. The most recent transaction involved two new wood-frame Marriotts and Hospitality Properties Trust.

LONDON-The UK commercial property market has shown a significant slowdown, according to a new survey from agents GVA Grimley and the Confederation of British Industry.

SALEM, OR-Three brokers and four builders have formed EcoWest, a new development company that plans to acquire and develop property throughout the Northwest. It's first project is Marion County's Franklin Building.

AUSTIN-A special state board's sign off opens the door for Cencor Urban Properties and Post Properties to start the development process with Austin. The Triangle could break ground in 2002 if all goes well.

LOS ANGELES-Specialty Surgical leases 12,578 sf of office space for 10 years at Encino Executive Plaza. Encino, as well as neighboring Sherman Oaks and Woodland Hills, command some of the highest rents in the San Fernando Valley.

PHOENIX-The Arizona Board of Regents and Arizona Municipal Water Users Association have inked lease renewals for 13,470 sf and 8,450 sf, respectively. The two pacts for uptown buildings are valued at more than $2.5 million.

LOS ANGELES-Optical Communication Products Inc. pays $18.7 million to privately held Toibb Elins Properties for 142,000 sf of office and industrial space in Warner Center area.

LONDON-York Street, a once derelict thoroughfare in the heart of Ramsgate, Kent has undergone a complete refurbishment.