DAYTON, OH-Kettering Tower, this city's largest and tallest office building, sells for $21.4 million. The property is 83% occupied. One of the major tenants is Bank One, which was acquired last year by JPMorgan Chase & Co.
SEATTLE-Schnitzer Northwest is seeking permits to develop two new office towers totaling 660,000 sf on adjacent half-block parcels separated by an alley at the north end of Downtown. The goal is to start construction next summer.
SAN FRANCISCO-Locally based multifamily investor Litke Properties purchases the 85% leased, 115,481-sf office building from Blackstone Real Estate Advisors and McCarthy Cook & Co. for approximately $23 million.
PORTLAND, OR-As the Portland Development Commission belatedly creates a process for deciding the formal protest of its choice of developers for the $200-million-plus Burnside Bridgehead redevelopment, the protester and the winner discuss a possible collaboration that could smooth rough waters.
PORTLAND, OR-As the Portland Development Commission belatedly creates a process for deciding the formal protest of its choice of developers for the $200-million-plus Burnside Bridgehead redevelopment, the protester and the winner discuss a possible collaboration that could smooth rough waters.
GAUTIER, MS-Azur Shell Landing Resort Inc. follows up its acquisition of the Shell Landing Golf Club near here by acquiring Shell Landing Development Inc., the company that owns 1,200 acres surrounding the golf course that has been master planned for a resort.
RENTON, WA-Hasbro subsidiary Wizards of the Coast Inc. inks a long-term lease for 95,000 sf of office space in one of the center's two 137,000-sf buildings, which are now known as Landmark East and Landmark West. Flynn Properties acquired the vacant former Boeing-occupied buildings last summer for $36 per sf.
BRENTWOOD, CA-The locally based Equus Group takes out a $30.7-million loan on a portfolio of properties here that includes multifamily, retail and office space.
SAN FRANCISCO-The well-known theater and office building is now owned by David Addington, an Atlanta real estate investor. The seller was Florance Fang, the former publisher of the San Francisco Examiner.
MILWAUKEE-Triple Net Properties and affiliate tenants in common acquire 411 East Wisconsin Ave., which includes a 30-story office tower and a two-level bank building connected by a five-story atrium.