RENTON, WA-The Palo Alto, CA-based apartment REIT takes out a $14.9-million first mortgage loan on the 194-unit property here that it acquired unencumbered in late 2004 for $21.1 million
SAN FRANCISCO- Morrison & Foerster LLP is moving its main administrative offices to 555 Market St. from 425 Market St. in late 2006. The lease drops vacancy in the building to 10%. The building is part of the Page Mill Properties Fund portfolio, which owns close to four million sf of property and is being liquidated.
PORTLAND-Venerable Properties wants to acquire and renovate three adjacent vacant buildings in Old Town that would be anchored by the University of Oregon's satellite campus. The city is considering substantial public assistance because the project would help reinvigorate the area.
PRESQUE ISLE, ME-With its eyes on the Canadian population flowing across borders 10 miles to the east and 35 miles to the north, the Mooresville, NC-based home improvement retailer inks a 20-year ground lease here for land at Aroostook Centre Mall. The property is owned by the Sitt family of New York City.
PRESQUE ISLE, ME-With its eyes on the Canadian population flowing across borders 10 miles to the east and 35 miles to the north, the Mooresville, NC-based home improvement retailer inks a 20-year ground lease here for land at Aroostook Centre Mall, which is owned by the Sitt family of New York City.
SEATTLE-Having partnered with Barry Sternlicht's Starwood Capital Group Global and acquired the other half of the block, Portland, OR-based developer Paul Brenneke is set to break ground this summer for a $200-million residential-over-retail development between Macy's and the Pike Place Market.
SEATTLE-Having partnered with Barry Sternlicht's Starwood Capital Group Global and acquired the other half of the block, Portland-based developer Paul Brenneke is set to break ground this summer for a $200-million residential-over-retail development between Macy's and the Pike Place Market.
SEATTLE-Having partnered with Barry Sternlicht's Starwood Capital Group Global and acquired the other half of the block, Portland, OR-based developer Paul Brenneke is set to break ground this summer for a $200-million residential-over-retail development between Macy's and the Pike Place Market.
MILAN-Having gained a tenant for half of an existing 240,000-sf building here that it acquired in 2003, publicly held ProLogis of Aurora, CO, starts construction on another 467,000-sf warehouse.