PORTLAND, OR-Locally based property manager wins the asset management assignment for 1.2 million sf of real estate owned by the newly formed Bill Naito Corp. The Naito family's real estate holdings and Made In Oregon retail chain, both previously owned by H. Naito Corp., were split up as part of a January settlement agreement following a family dispute that led to litigation.
PORTLAND-Saying it wants to allow the evaluation committee more time to mull over the proposals for an 800-hotel next to the Oregon Convention Center--even though the committee says it is ready to make its recommendation--the Portland Development Commission tells the committee to wait an extra 30 days and give its recommendation on June 22 rather than next week.
SEATTLE-Site 17, a two-building residential property north of the Downtown core, trades hands for $23.83 million, according to public records. The new owner isn't saying yet whether it intends to convert the units to condominiums, but local industry sources say that's indeed what will happen.
INDIANAPOLIS-With $12.4 million of equity with $42 million of debt, the locally based shopping center REIT closes on two of three properties it had agreed to acquire from retail funds of Munich-based BVT Equity Holdings.
SEATTLE-The San Francisco-based fund manager pays about $235 per sf for the lower 10 floors of the 13-story office and residential building, which sits immediately east of the Alaskan Way Viaduct. The building has 178,268 sf of office that is about 70% leased.
SEATTLE-The San Francisco-based fund manager pays about $235 per sf for the lower 10 floors of the 13-story office and residential building, which sits immediately east of the Alaskan Way Viaduct. The building has 178,268 sf of office that is about 70% leased.
SAN RAMON, CA-The San Francisco-based apartment division of Irvine, CA-based Bascom Group buys the Village Commons Apartments here for $7.76 million, betting that the property will benefit from condo converters who are taking some 700 rental units off the market.
SAN RAMON, CA-The San Francisco-based apartment division of Irvine-based Bascom Group buys the Village Commons Apartments here for $7.76 million, betting that the property will benefit from condo converters who are taking some 700 rental units off the market.
TRACY, CA-On behalf of McMorgan Institutional Real Estate Fund I, Trammell Crow Co. starts work here on two speculative manufacturing and distribution buildings in the Chabot Commerce Center.
TRACY, CA-On behalf of McMorgan Institutional Real Estate Fund I, Trammell Crow Co. starts work here on two speculative manufacturing and distribution buildings in the Chabot Commerce Center.