PORTLAND-Real estate sources close to the sale of the 190,000-sf, four-story building at 2525 SW First Ave. should close in the next 60 days. Many well-known Portlanders have had their hands on the building through the years.

NEW YORK CITY-The online full-service commercial real estate service has formed a partnering agreement with Univest, a service and technology solutions company for the industry. A spokesperson for MortgageRamp explains the agreement will mostly relate to sales staff.

WASHINGTON, DC-For the second time in five months, the Ritz-Carlton Kapalua is changing hands. Marriott International is selling the 548-key hotel to Capital Hotel Investments, a joint venture between Marriott and affiliates of Blackacre Capital Management.

CHICAGO-Office Properties Trust President and Chief Executive Officer Timothy H. Callahan says, "This is probably the only time real estate has gone into a recession where supply and demand is in the balance that we currently have.