SAN FRANCISCO-Using proceeds from asset sales in its hometown of San Diego, the company pays $19.5 million for a 160-unit garden-style complex in Fremont and $8.75 million for a 93-unit garden-style property in San Leandro. MG plans to stabilize the properties and hold them long term.
SUMNER, WA-Following 1.6 million sf of deals in the past two months, all of the recently developed large warehouse-distribution buildings in southern King County and northern Pierce County are spoken for, causing developers to break ground for several more large buildings.
PORTLAND-Citing recently discovered personal medical issues, Arizona Department of Commerce director Gil Jimenez says he is longer interested, leaving three to vie for the post. In other Portland Development Commission news, one City Councilman's effort to abolish the urban renewal agency isn't gaining broad council support.
SYDNEY-Locally headquartered Lend Lease Corp. now owns 100% of Nashville-based Actus Lend Lease, a Nashville-based division of its US communities business that has a 25% share of the privatized military housing market.
SYDNEY-Locally headquartered Lend Lease Corp. now owns 100% of Nashville-based Actus Lend Lease, a Nashville-based division of its US communities business that has a 25% share of the privatized military housing market.
OAHU, HI-The Newton, MA-based REIT closes on its acquisition of 118 acres here leased to 60 tenants for an average term of 15 years. HRPT now owns 20% of all industrial lands on the island.
OAHU, HI-The Newton, MA-based REIT closes on its acquisition of 118 acres here leased to 60 tenants for an average term of 15 years. HRPT now owns 20% of all industrial lands on the island.
OAKLAND, CA-In partnership with GMAC Institutional Advisors, the San Francisco-based private real estate company buys the 900,000-sf office and retail complex from Summit Commercial Properties and Highridge Partners, which bought the building in 2003 from a reorganizing Kaiser Aluminum and others for $100 million.
OAKLAND, CA-In partnership with GMAC Institutional Advisors, the San Francisco-based private real estate company buys the 900,000-sf office and retail complex from Summit Commercial Properties and Highridge Partners, which bought the building in 2003 from a reorganizing Kaiser Aluminum and others for $100 million.
SALEM, OR-The Oregon Employment Department is forecasting that statewide employment will grow by 240,000 over the next nine years, with three sectors accounting for nearly 60% of the total.