SEATTLE-The city council here approves amendments to its 1998 agreement with the University of Washington regulating the school's leasing activity surrounding its main campus. The changes remove square footage limits but uphold other restrictions.
SAN FRANCISCO-The locally based industrial REIT agrees to purchase for $44.6 million the Peabody Group's 41% interest in G. Accion, one of the largest public real estate companies in Mexico.
MEDFORD, OR-The growing Santa Rosa, CA-based maker of natural and organic prepared foods says it expects to close on a land purchase here later this month en route to developing a manufacturing and distribution facility that could eventually employ 700 people.
TOKYO-The yen 20 billion ($195 million) loan package from a syndicate of banks is secured by a mortgage on certain real property located near the Port of Tokyo's Oi Container Terminal and an additional mortgage on a distribution building to be built on the property.
WALNUT CREEK, CA-In three separate deals arranged in part by locally based 1031 Exchange Options, tenant-in-common investors have paid a combined $75 million for two multifamily properties in Texas and one in Minnesota.
SAN ANTONIO-After several unsuccessful attempts by other developers, two Florida-based companies are gearing up to develop a one-million-sf super regional power center on 100 acres at one of the city's busiest highway intersections.
VANCOUVER, WA-The locally based manufacturer of brand name fitness equipment will relocate its corporate headquarters into a 482,500-sf, three-level office building at Columbia Tech Center, a 400-acre business park. The company received a very low lease rate and a big financial commitment from park owner Pacific Realty Associates (PacTrust).
MOUNTAIN VIEW, CA-With a recent approval from the city council here, Camino Medical Group is set to break ground in the first quarter of 2005 for a 250,000-sf outpatient medical center on nine acres near the intersection of El Camino Real and Highway 85.
PORTLAND-The two-story 20,000-sf office building is under construction at 15220 NW Laidlaw Rd. Decision One Mortgage, which is more than doubling in size from another Bethany Village office building, has leased more than half of the building, and Doernbecher Pediatrics also has leased space.
SEATTLE-Trinity Real Estate of Bellevue acquires the 27-story Downtown office building in partnership with Helix Investment Partners. Completed in 1928, the historic structure is a little over 80% occupied.