KENT, WA-Northward Development of Bellevue sells the Staples-anchored, 48,000-sf Orillia Center here to StarPoint Properties, an LA-based real estate company focused on multifamily and retail properties that is looking to accumulate properties in the Seattle area.
BEAVERTON, OR-The Des Moines-based company pays State Farm Insurance $114.6 million for 1.2 million sf of built space and 36 undeveloped acres known as Amberglen Business Center.
BEAVERTON, OR-The Cascade Business Center here is more than 90% leased now that HemCon and the State of Oregon have expanded their leases in the 186,581-sf flex-office development.
TULSA, OK-The Dallas-based development, leasing and management firm secures $38.5 million in construction loan and mezzanine financing for Smith Farm Marketplace, a 498,550-sf power center to be built in Owasso, a northern suburb of Tulsa.
SEATTLE-The three building, 108-slip property sits on the western shore of Lake Union, across Westlake Avenue from the headquarters of Fox affiliate KCPQ-13. The asking price for the fully leased complex is $18 million, which translates to a capitalization rate in the mid-5% range.
SAN LEANDRO, CA-William and Jerry Moisen, principals of Moisen Investment Co., sell their majority interest in the company's local office to minority partners Richard Knutson and John Leyvas, who will continue to focus on apartment investments.
HAYWARD, CA-This East Bay city has seen a flurry of owner-user acquisitions in recent weeks. In the most recent of four deals announced in the past 30 days, Just Water Heaters finds a new headquarters.
PORTLAND-Unico's sole asset here is the city's largest office building, the US Bancorp Tower. But not for long. Brian Pearce, newly promoted from leasing director to general manager of the 1.1-million-sf asset, says he and Unico investments manager Greg Petry, also based in Portland, are intent on expanding the company's local portfolio.
NASHVILLE-Non-binding letters of intent are due next week for Palmer Plaza, a 243,000-sf class A office tower here that is 87% leased to 19 tenants and includes a 700-slip attached parking garage. The building is owned by locally based developer Alex S. Palmer Co.
BELLEVUE, WA-Nearly two years after ArcLight Cinema walked away from the project, the developer of Lincoln Square again has a movie theater operator to anchor the 1.4 million-sf mixed-use development.