PORTLAND, OR-The two-building, 115,436-sf office complex in close-in Northeast Portland is 94% leased and 54% occupied. The property has been on the market for two years. The original asking price was $14.5 million.
SUNNYVALE, CA-While in escrow to purchase a 55,000-sf building here recently from publicly traded Mercury Interactive, Landbank Investments of Menlo Park leases the entire building to Spirent Communications Inc.
SAN ANTONIO-The industrial REIT from Jackson, MS acquires a well-leased 524,000-sf business park here that comes with developable land that can hold an additional 170,000 sf of buildings. The company's only other asset in the market is the 253,000-sf Alamo Downs Distribution Center, which it acquired in 2004.
SAN ANTONIO-The industrial REIT from Jackson, MS acquires a well-leased 524,000-sf business park here that comes with developable land that can hold an additional 170,000 sf of buildings. The company's only other asset in the market is the 253,000-sf Alamo Downs Distribution Center, which it acquired in 2004.
REDMOND, WA-Public review of Microsoft's 2.2-million-sf headquarters expansion plan begins this week with an open house the company is hosting Thursday night.
FREMONT, CA-ARYx Therapeutics is relocating its headquarters here from Santa Clara. The company has leased an R&D building within Ardenwood Corporate Park.
PORTLAND-In deference to a staged expansion lease that eventually will make the Southern, OR-based West Coast bank the building's largest tenant, owner Equity Office Properties accordingly renames the 19-story building.
SEATTLE-Thanks to a discounted rent from owner Yuen Lui, Spruce Street School not only is able to remain in the neighborhood but also gets a dramatic facility upgrade.
PETALUMA, CA-The Redwood Gateway retail center, being developed here by Robertson Properties Group, is anchored by an un-owned 96,000-sf Kohl's department store that recently opened. Additional commitments have been received from Pier 1 Imports and Michael's for the remaining 62,500 sf that will open this spring.
PORTLAND, OR-Despite having all the pieces in place, ScanlanKemperBard Cos. opts to hold off on its plans for a public, non-traded REIT, citing concerns about conflicts with its existing business and intelligence about a new deep-pocketed player in the market. Instead, the company is now planning for its first private equity fund.