SEATTLE-One board member is retiring, another is resigning and its general counsel is leaving to spend more time with her kids. The company has replaced one of the board members and promoted from within to replace its general counsel.
SYDNEY-The Australia subsidiary of Sonnenblick-Goldman has named 10-year real estate finance veteran Ben Dillon as director and principal of its operations, in charge of expanding the firm's business in Australia and the Asia Pacific.
REDWOOD CITY, CA-One month after voters here overturn the city's approval of the public company's 1,900-unit condominium and marina development, Glenborough Realty Trust says it will abandon its option for a related parcel and $3.7 million in associated expenditures.
WOODINVILLE, WA-The city council here this week went against the recommendation of its planning commission and nixed a proposal to reverse the city's ban on residential development in the city's Tourist District, potentially killing plans for a landmark mixed-use wine village at the intersection of State Route 202 and Northeast 145th Street.
HUNTSVILLE, AL-O&S Holdings Inc. selects White Plains, NY-based Starwood Hotels & Resorts Worldwide to operate a 200-room luxury hotel and conference center here that will include 40 privately owned residences on the top five floors of the 12-story complex.
VANCOUVER, WA-Opus Northwest submits plans to followup Bridgeport Village in Tualatin, OR, with a similarly expensive mixed-use mecca north of the border. Instead of starting with a quarry, however, it will start with a much more level parcel, an airport the company tied up in 2002. Plans call for 540,000 sf of retail and office space, housing and a hotel.
DURHAM, NC-A joint venture of the California State Teachers' Retirement System and publicly traded Apartment Investment and Management Co. of Denver pays $31.4 million for the Belmont Apartments, a 312-unit apartment community near Duke University Medical Center.
GUAM-UK-based Hilton International sells the Hilton Guam Resort & Spa to Da Vinci-RP Hotel Investors for just under $30 million. The new owner plans a $10-million-plus renovation of the property.
SANTA CLARA, CA-The 280-room, four-diamond hotel is located across from the Santa Clara Convention Center and within a few miles of several Fortune 500 companies, including Cisco Systems, Intel and Applied Materials.
SEATTLE-With the project more than 50% spoken for, local developers Peter and Donald Olson will start construction early next year for a two-building, office-over-retail development adjacent to the University of Washington and the University Village shopping center.