LAS VEGAS-Corus Bank last week funded an $87.6-million, 90% loan for the Platinum, a 255-unit condominium-hotel that is under way just off the Strip. Marcus Hotels & Resorts of Milwaukee and Chicago-based Diversified Real Estate Concepts are the developers.
SAN FRANCISCO-Stuart Halpert, chairman of First Washington Realty, which advises CalPERS on its nationwide shopping center portfolio, tells GlobeSt.com it is considering the sale of an interest in or the whole of the 97-property retail portfolio, which has an estimated market value of about $2.8 billion.
SAN FRANCISCO-Stuart Halpert, chairman of First Washington Realty, which advises CalPERS on its nationwide shopping center portfolio, tells GlobeSt.com it is considering the sale of an interest in or the whole of the 97-property retail portfolio, which has an estimated market value of about $2.8 billion.
PORTLAND. OR-Originally scheduled to select a developer for the five-block redevelopment by Feb. 9, the board of directors of the Portland Development Commission pushes back the decision to the end of April in order to make time for additional public hearings.
RENTON, WA-HAL Real Estate Investments is pumping about $350,000 into the empty seven-story office building as it tries to attract tenants in a city with 40% vacancy.
PORTLAND, OR-Trammell Crow Co. is gearing up for a two-building, 201,000-sf industrial park on 11.2 acres in the Columbia Corridor. The project is 45% preleased. It will be built in one phase and be complete this time next year.
TOKYO-The multinational real estate investment management firm launches a Tokyo office with professionals from the local office of its parent company that it has already been utilizing to help service its clients in the region.
TOKYO-The multinational real estate investment management firm launches a Tokyo office with professionals from the local office of its parent company that it has already been utilizing to help service its clients in the region.
PALO ALTO, CA-Carr & Ferrell LLP expands its lease in the four-building, low-rise office development here to 35,086 sf to accommodate growth in its intellectual property and corporate practice groups.
SEATTLE-With $7.3 million in construction financing in hand, locally based Origin Development LLC recently broke ground for Metropole Off Market, a 30-unit, for-sale residential development in the Ballard neighborhood, which is slated to be served by the city's expanding Monorail system.