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SEATTLE-According to the Cushman & Wakefield report, sellers continued to benefit from the lowest cap rate in 20 years. The average cap rate for 2000 was 7.53%, a drop of 27 basis points since 1999.

SAN FRANCISCO-With debt surpassing $9 billion, California's largest utility files for protection under Chapter 11 of the U.S. Bankruptcy Code, protecting itself from creditors while it attempts to reorganize rather than liquidate.

HOUSTON-A turnaround leasing strategy for a 112,500-sf warehouse is working after three months of the single-tenant property sitting empty. Weingarten brokers opted to divvy up the space and it's now 75% leased.

WASHINGTON, DC-The president of the mortgage trade association said their discussion was "very productive," while a new affiliated group released a poll showing small business owners want more Federal investment in cities.

NORTH MIAMI BEACH, FL-James Cuddy, vice president of construction at American Land Housing Group, vanished last Tuesday while en route to a job in Palm Beach County. Cuddy had worked nearly 25 years for Arlington, VA-based Charles E. Smith Residential Realty.

CHICAGO-The death of some dot-coms put more space on the market, though the fledgling industry is not entirely to blame for the increase of available square footage, say office brokers here.

CAMPO, CA-The Campo Indian band expects to have a 60,000-sf casino finished by May 15, the statewide deadline for slot machines to be operational.

BOTHEL, WA-The Seattle-based biotech company will use the new 50,000-sf facility here to test and refine drug-production methods. It is located adjacent to the company's clinical-manufacturing center.