EVERETT, WA-In a joint venture with Guggenheim Real Estate, Orion Residential LLC of Seattle pays between $35 million and $40 million for Fulton's Crossing and Fulton's Landing, two neighboring apartment complexes totaling 504 units.
SAN FRANCISCO-Working out of the Bay Area, 20-year industry veteran Donald Polishuk will be part of TCC's national investment sales group and also work with the company's corporate advisory professionals.
SHERWOOD, OR-Construction starts this month on a new library and civic building intended as a catalyst for future redevelopment in the area. The building will sit across from a six-acre former cannery the city recently acquired and hopes to see redeveloped in 2006.
PORTLAND-Weston Investments buys a full block at 1325 NW 14th Ave. as a future redevelopment play for its development arm, Hoyt Street Properties, which is about halfway through its redevelopment of a 30-block former rail yard now considered the northeast quadrant of the Pearl District.
MONTREAL-Publicly traded Starwood Hotels & Resorts Worldwide acquires a 49% interest in the 152-room high-end hotel it manages in Old Montreal. The acquisition price was about $14 million.
PADUA, ITALY-Locally headquartered Banca Antoniana Popolare Veneta sells GE Commercial Finance Real Estate Italy a portfolio of banking, mixed-use and residential developments located throughout the country.
RICHMOND, CA-The locally headquartered redeveloper of large-scale corporate industrial and office properties closes on its acquisition of the 500,000-sf historic waterfront industrial building from the City of Richmond, setting the stage for its transformation into a mix of light industrial, office, retail and live-work space.
AUBURN, WA-An individual investor from within the state pays $12.9 million for two buildings totaling 148,151 sf that are 67% leased. The sale closed earlier this week.
PORTLAND-The five proposals submitted for development of a convention center hotel were not released to the public Wednesday, Dec. 29, as expected. The Portland Development Commission says the proposals instead will be released on Thursday, Jan. 6.