SAN FRANCISCO-With its built portfolio more than 94% leased and tenant demand still strong, the locally based industrial REIT starts seven new development projects in the third quarter that will add 3.3 million sf to its portfolio.
SALEM, OR-Oregon's seasonally adjusted unemployment rate stays above 7% for the second consecutive month following four months in the 6% range, but remains well below September 2003, when statewide unemployment was 8.2%.
SEATTLE-To be located at Seventh Avenue and Westlake in the Denny Triangle area, the building will include 230,000 sf of office space topped by 170 luxury condominiums. The locally based developer predicts a fall 2005 groundbreaking.
PORTLAND-The locally based company is delisted after a Nasdaq Listing Qualifications Panel denies the company's appeal of a Nasdaq staff determination primarily related to the company's continued affiliation with Andrew Wiederhorn, who plead guilty in June to two felony charges unrelated to the company.
NASHVILLE-After a three-and-a-half year planning-and-approval process that included a hard-earned federal permit to create a harbor and marina, the developer of a 180-unit waterfront condominium project here is nearing the construction phase.
PORTLAND-With its present 15-year lease set to expire 11 months from now, American Honda Motor Co. signs on for an additional 10 years at a starting rate of almost $1.4 million per year that will escalate every three years based on the Consumer Price Index.
SEATTLE-The Metropolitan King County Council approves the development agreement for its new $101-million Downtown office building, which will house some 1,200 county employees working in 10 different agencies.
SACRAMENTO-Milwaukee-based Northwestern Mutual pays San Diego-based Fairfield Residential $48.7 million for the Granite Point Apartments, a 16-building development located six miles north of Downtown in the North Natomas area.
KISTA, SWEDEN-The Swedish construction company NCC AB is under contract to sell its two-building Borgarfjord office development here to a CalPERS fund. The transfer of ownership is slated for November.
HILLSBORO, OR-The publicly traded REIT from Lafayette, CA snaps up for $46.20 per sf the never-occupied 83,000-sf flex building it didn't purchase this spring, when it acquired the park's two smaller, fully leased buildings.