SAN FRANCISCO-The study finds that office investments performed well for investors over the past decade. It concludes that in order to support further price appreciation or even new development, San Francisco will need Class A rents to average over $40 per sf with vacancy rates under 10%.
SEATTLE-Ernie Catanzaro, who joined the company in 2002, is now responsible for overseeing the operations and profitability of the company's nationwide hotel portfolio. The company also hired a new manager for the Doubletree Hotel Bellevue, which it acquired earlier this month for about $48.5 million.
WARSAW-A joint venture led by Chicago-based Golub & Co. sells its 77% share of the 750,000-sf Warsaw Financial Center to a joint venture of Austrian CA Immo AG and the European real estate investment management and advisory business of Prudential Financial Inc.
WARSAW-A joint venture led by Chicago-based Golub & Co. sells its 77% share of the 750,000-sf Warsaw Financial Center to Pramerica Real Estate Investors and Austrian CA Immo AG.
BERLIN-The units are spread out in 11 developments here containing mostly four- and five-story buildings. The new owner is a joint venture led by JER Partners.
BERLIN-The units are spread out in 11 developments here containing mostly four- and five-story buildings. The new owner is a joint venture led by JER Partners.
TIGARD, OR-The Tigard-Tualatin School District is considering the sale of several unused properties in the coming year to make up $3-million in cost overruns.
RENTON, WA-The 22,026-sf long-term lease brings the five-building 330,000-sf complex to 33% leased. The buildings were fully leased until 18 months ago when it became fully vacant. Owner Bedford Property Investors is now in the process of converting it to a multi-tenant campus.
TORONTO-The locally headquartered shopping center owner and developer pays $43.7 million for 158,000 sf of retail in two properties, one in Toronto and the other in Richmond, BC, and also picks up a development parcel in Langley, BC.
TORONTO-The locally headquartered shopping center owner and developer pays $43.7 million for 158,000 sf of retail in two properties, one in Toronto and the other in Richmond, BC, and also picks up a development parcel in Langley, BC.