SAN FRANCISCO-The Pasadena-based life sciences REIT says it will create a "commercial life science cluster" on the Mission Bay land it acquired last year. The land is entitled for 1.4 million sf of development.
SEATTLE-Local broker David Milloy, who has exclusively represented Microsoft for the past decade on behalf of Trammell Crow Co., is now co-managing the local office of CB Richard Ellis.
LAS VEGAS-The multifamily developer closed escrow this week on the 10-acre parcel here for which it has been planning a $500-million ultra-luxury condominium tower. The 50-story development is expected to break ground in 2006.
PORTLAND-The locally based event logistics business purchases the 32,000-sf former Ruth Ashbrook Bakery on Northeast Martin Luther King Boulevard with plans to renovate the building and relocate its headquarters from Southeast Grand Avenue.
VANCOUVER-The locally based vaccine maker sells a 68,000-sf research center in Laval, Quebec and a 60,000-sf development facility in Northborough, MA, to life sciences REIT Alexandria Real Estate Equities of Pasadena, CA, for about $41 million.
ST. LOUIS-The international law firm focused on corporate clients renews and expands its lease for the upper floors of the 42-story Downtown office building Metropolitan Square, which is owned by Trizec Properties.
SEATTLE-Just before the end of the year, Washington Holdings sells the 120,000-sf building to Alexandria Real Estate Equities. The life sciences REIT plans to convert the property for bio-science use after current tenant, the Bill & Melinda Gates Foundation, completes its planned headquarters campus.
PORTLAND-Eugene-based Pacific Continental Bank ties up a 22,000-sf lot here with a 5,000-sf building on it. If the deal closes as expected, the site will become the bank's fourth branch office in the metropolitan area.
OLATHE, KS-Passco, the Santa Ana, CA-based real estate investment firm, purchases the majority of Olathe Station, a 13-building 611,643-sf shopping center. The deal includes everything but the Super Target and the AMC Theater.