MUNICH-Looking to expand its activities in Germany, Zurich-based UBS AG, Europe's largest bank agrees to acquire a 51% stake in the real estate funds business of locally based Siemens AG.
PORTLAND-A staff report recommends a $4.7-million upgrade that includes bringing the retail storefronts out to the street, which would expand the space available for lease from 27,000 sf to 32,000 sf and help attract higher quality tenants.
SAN FRANCISCO-The three-story, 102-unit City Lofts Apartments in the South of Market district were completed in 1999 as one of the last "live-work" residential developments permitted in the city.
SAN FRANCISCO-The three-story, 102-unit City Lofts Apartments in the South of Market district were completed in 1999 as one of the last "live-work" residential developments permitted in the city.
OLYMPIA, WA-An investor group out of Seattle buys the 90,000-sf office complex here from Sato Corp. for $11.9 million. The four-building complex, which includes Downtown's tallest office building, is fully leased by the state Department of Corrections through 2007.
PROVIDENCE, RI-After 18 months of ownership, the development arm of locally based Gilbane Inc. sells the tallest building in the city for $46.2 million. The new owner of the 322,284-sf, class A office tower is a joint venture that includes an affiliate of pension plan investment advisor GE Asset Management.
PROVIDENCE, RI-After 18 months of ownership, the development arm of locally based Gilbane Inc. sells the tallest building in the city for $46.2 million. The new owner of the 322,284-sf, class A office tower is a joint venture that includes an affiliate of pension plan investment advisor GE Asset Management.
DES MOINES-The locally based developer of single-tenant net-leased real estate is being merged into a subsidiary of Orlando-based Commercial Net Lease Realty.
PORTLAND-The city will pay H. Naito Corp. about $5.4 million for the Import Plaza block in Old Town that will become a new fire station, clearing the way for the redevelopment of Ankeny Plaza, home of the existing fire station.