SAN FRANCISCO-In a relocation and expansion from the Russian Hill district, the public relations firm catering to high-tech companies inks a five-year lease for a portion of the fifth floor of 123 Townsend St., a six-story historic brick building located across the street from the SBC Ball Park.
MYRTLE BEACH, SC-CBL & Associates of Chattanooga, TN pays off its short-term, variable-rate loan for developing the 902,000-sf Coastal Grand-Myrtle Beach regional mall here and takes out some equity as well.
SAN FRANCISCO-An affiliate of Houston-based Hines Interests acquires 101 Second St., a 387,000-sf building completed in 1989, and 55 Second St., a 379,000-sf building completed in 2002. The sale marks Cousins' sixth disposition so far this year.
SEATTLE-Looking for better yields outside the US, locally based Goodman Real Estate Inc. is investing in British Columbia retail properties with Blackstone Real Estate Acquisitions IV, an entity within the property fund managed by the Blackstone Group of New York.
HANFORD, CA-Founded last year by retail developer James Kessler and Marcus & Millichap chairman George Marcus, Highland Development Co. purchases the 211,300-sf Hanford Towne Centre with plans to add both retail and office space, lease it up and re-trade the asset.
NADI, FIJI-More frequent flights to the country's largest island has increased tourism to the point where, after three years of inactivity, three new resorts are under construction and three existing resorts are under renovation.
SEATTLE-The self storage REIT taps Dev Ghose, a CPA who from 1986-2003 was part of the executive leadership of Health Care Property Investors, a public REIT. The appointment follows a series of management changes sparked by Sarbanes-Oxley and the November resignation of its former auditor, Deloitte & Touche LLP.
PORTLAND-A discretionary real estate fund of locally based NBS Real Estate Capital acquires 100 W Liberty St., a 12-story, 150,000-sf class A high rise and a 100,000-sf parking structure in Downtown Reno.
TRACY, CA-The Greenville, SC-based company pays about $7.7 million for the property, a distribution center that is fully leased to Owens-Brockway Glass Container Inc., which has a glass producing plant next door.
LONDON-Karyn Marasco, heretofore the hotel company's manager for the Americas/Caribbean, UK and Ireland, will now oversee hotel operations of 47 Le Méridien properties throughout Europe. The move creates a domino effect of appointments.