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SEATTLE, WA-The 47-room Econo Lodge franchise was built by Wen-fan in 1985. The 38-room Ramada Limited opened in late 1998. The purchase price translates to $66,279/room, and the broker says the cap rate would be just over 8%.

CHARLOTTE-Construction lags somewhat but most of Charlotte's 31 million-sf retail inventory is keeping its value, Lincoln Harris brokers tell GlobeSt.com as international shopping center developers open conference here March 19.

LOS ANGELES-The locally based Stivers Investment Co. has purchased a 43,566-sf flex-tech office building in Irvine.

SPOKANE, WA-The 36,000-sf building is being developed by locally based Garco Development Services on behalf of a California developer who acquired the land and an adjacent 55,000sf building last year from principals of Garco.

PALO ALTO, CA-The $8.5-million stock and cash purchase of the Bellevue, WA-based factoring and asset-based lending company translates to 3.7 times EBITDA. CAPCO has approximately $28 million in commitments and $2.8 million in equity.

KANSAS CITY-Office space at the 32-story, previously long-vacant 911 Walnut are going for $7 per sf, about half the going rate for Class B Downtown space. The deal is in effect for tenants who sign by June 1.

WASHINGTON, DC-CarrAmerica Realty Corp. has purchased the Class A, 257,000-sf office building at 1919 Pennsylvania Ave. through a joint venture with an independent investor. The purchase price was not disclosed.

PORTLAND-Panattoni Development agrees to void its purchase option of 38.85 acres on the northeastern edge of the city in exchange for the right to acquire and develop the property from the Portland Development Commission, the new holder of the purchase option.