SEATTLE-Since last summer's news about a project in the University District, the locally based real estate company is gearing up for a joint venture residential-over-retail project in the International District and has been quietly assembling land somewhere in the Seattle area for another urban infill development.
BEAVERTON, OR-Four months after purchasing the 21-building, 1.2 million-sf park and 36 undeveloped acres for $114 million, Principal Financial Group hires GVA Kidder Mathews to sell off 500,000 sf in nine buildings for $60 million.
BEAVERTON, OR-Four months after purchasing the 21-building, 1.2 million-sf park and 36 undeveloped acres for $114 million, Principal Financial Group hires GVA Kidder Mathews to sell off 500,000 sf in nine buildings for $60 million.
TACOMA, WA-The sale of the On the Green Apartments along the Northshore Golf Course here marks the third largest multifamily sale in the state. The new owner is Legacy Partners.
PITTSBURGH, PA-Blackstone Group selects CB Richard Ellis brokers to lease up Dominion Tower, the 32-story, 623,000-sf class A office tower here that it acquired 40% vacant at a sheriff's sale in January for $45.2 million, less than 60% of what the previous owner paid for the asset.
SAN FRANCISCO-There were 12 transactions here over 100,000 sf in 2004--five more than the previous two years combined--and another eight tenants are currently in the market for a combined 1.5 million sf.
SAN ANTONIO-In its first expansion outside the Mid-Atlantic states, Corporate Office Properties Trust of Columbia, MD, pays Sony Electronics $30.5 million for a two-building, 470,000-sf complex here and promptly fills it with one of its core tenants.
SEATTLE-While owners push rates in Downtown Bellevue, where vacancy is in the high single digits, owners in Downtown Seattle are signing shorter leases with hope they can do the same a few years down the road, according to brokers with Cushman & Wakefield, which just released its first quarter report.
GRESHAM, OR-The Fuller family of San Clemente, CA pays $9.8 million for Stark Street Crossings, a 12-building community that was completed in 2004 and only recently stabilized.