HAYWARD, CA-Two lease agreements covering 102,000 sf at the new Mt Eden Business Park here by Simeon Commercial Properties takes the 400,000-sf development to 100% occupancy.
SANTA CLARA, CA-The holding company for the locally based financial institution re-ups at Lake Marriott Business Park, home of its world headquarters for more than decade.
OKLAHOMA CITY, OK-The publicly traded computer maker from Round Rock, TX, plans to build a 120,000-sf customer contact center on 60 acres here that eventually will replace a temporary location elsewhere in the city.
SAN FRANCISCO-One month after acquiring land entitled for 508,000 sf of commercial space, the publicly traded owner and developer of office and laboratory space for the life sciences industry acquires land entitled for an additional 935,000 sf of development.
ROCHESTER, NY-The locally based owner and manager of 15 shopping malls in eight states says one alternative on the table is a merger with another real estate company. The big question is whether the company's crown jewel, Tyson's Corner Center, can be part of the package, and as yet there is no definitive answer forthcoming from Wilmorite or its 50-50 partner in the asset.
SEATTLE-The locally-based restaurant group says it will open two new Puget Sound establishments early next year. Above its El Gaucho steakhouse in Seattle's Belltown neighborhood, it will open its first hotel in January. In the new Rainier Pacific Building in Downtown Tacoma, its seventh restaurant will open in March.
PALO ALTO, CA-As part of the ongoing liquidation its inaugural Essex Apartment Value Fund, the locally based apartment REIT sells a second tranche of assets to United Dominion Realty Trust, which is under contract to acquire the entire portfolio for $756 million.
DALY CITY, CA-The San Rafael, CA-based company purchased the 16-piece property in February 2002 for approximately $31.6 million. The three land parcels, five office buildings and eight retail spaces were sold off individually over the course of three years for combined proceeds of approximately $40 million.
PORTLAND-During the first half of 2005, the owner of several outdoor gear brands including Yakima, says it will relocate the bulk of its employees to the area from Arcata, CA, a small beach community on Humbolt Bay in Northern California.
SEATTLE-Arctic Club Hotel LLC is negotiating to purchase the 10-story, 96,000-sf Arctic building and convert it to a hotel. A joint venture of Kauri Investments and Ariel Development is negotiating to purchase the 15-story, 140,000-sf Alaska building and convert it to housing. The asking prices were $4 million and $6.5 million, respectively.