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PORTLAND-Wilshire Real Estate Investment Inc. sells five retail buildings and an office complex/warehouse/distribution center - a total of 444,864 sf - to Madrona Park II LLC for $28.8 million. Madrona assumed debt of $20.3 million as part of the deal.

KANSAS CITY, MO- Andy Anderson and Larry Stout are now principals at DLR.

NEWNAN, GA-The 200,000-sf build-to-suit facility is going up an estimated hard construction cost of $10 million in Creekside Business Center. Completion is scheduled for March. PetsMART is leasing the facility for five years. The site is 45 miles southwest of Downtown Atlanta.

LOS ANGELES--Two new economic reports say LA may create even more jobs next year than in Y2K, fueling retail sales and spurring demand for everything from new office space to hotel rooms.

BLOOMINGTON, MN-United Properties has lured two top producers away from Grubb & Ellis and Northco. The two executives will focus on

FORT LAUDERDALE, FL-Buoyed by a 40% jump in third-quarter profits, locally-based Extended Stay America Inc. will boost future investment in new projects by $100 million annually. This year it expects to open 30 properties costing around $250 million.

DENVER-A Las Vegas developer is taking the proverbial course by following the money, but this time it's with what is being touted as an affordable condominium project that is being created out of a former luxury complex.

NEW YORK CITY-Structured finance, research, valuation and analysis units have been consolidated at Cushman & Wakefield to create its new Advisory Group. Christopher J. Lowery will lead the charge.