SEATTLE-Locally based Shurgard released this morning a letter from Glendale, CA-based Public Storage along with a presentation on why its shareholders should ignore the suitor's advances, which began with a $2.5-billion purchase offer in July.
CLEVELAND-The locally headquartered self-storage REIT commences its offering of 15 million shares--not including a 2.25-million-share option that will be granted to the underwriters--as it prepares for additional acquisitions.
CLEVELAND-The locally headquartered self-storage REIT commences its offering of 15 million shares--not including a 2.25-million-share option that will be granted to the underwriters--as it prepares for additional acquisitions.
SEATTLE-The three-year-old Roosevelt Commons complex in the University District here is 100% leased by Safeco Insurance Co. of America and the University of Washington. The new owner is a client of the San Francisco-based advisory Rreef.
SEATTLE-The three-year-old Roosevelt Commons complex in the University District here is 100% leased by Safeco Insurance Co. of America and the University of Washington. The new owner is a client of the San Francisco-based advisory Rreef.
SAN FRANCISCO-El Segundo-based Continental Development Corp. is partnering with UK-based InterContinental Hotels Group for the development of a 550-room 36-story hotel adjacent to the new Moscone West Convention Center in the city's South of Market area.
LAS VEGAS-The two properties, which contain 896 units, are located on the west side of the city in the Lakes area. The plan is to stabilize the assets, make modest upgrades and retrade the asset within three years.
LAS VEGAS-The two properties, which contain 896 units, are located on the west side of the city in the Lakes area. The plan is to stabilize the assets, make modest upgrades and retrade the asset within three years.
MINNEAPOLIS- Teachers Insurance and Annuity Assoc.-College Retirement Equities Fund sells the 725,000-sf, class A Campbell Mithun Tower here to Principal Real Estate Investors. The 41-story building is about 80% leased to approximately 40 companies.
PORTLAND, OR-A local joint venture using equity from Lehman Brothers pays $77.5 million for the Portland Center Apartments. The circa-1965 development includes 525 units in three highrise towers, 12 townhomes and a commercial pad that is zoned for a fourth residential tower.