STREETSBORO, OH-Through one of its joint ventures, the net-lease REIT acquires a new industrial building here that is net leased to L'Oreal USA S/D Inc. for slightly more than 15 years.
LAS VEGAS-Controlled by Comdex founder Sheldon Adelson, the company owns and operates the Venetian Casino Resort and the Sands Expo and Convention Center in Las Vegas, and the Sands Macao Casino in Macau, China. It also is developing a Venetian Casino Resort in Macau and the Palazzo Casino Resort next to the existing Venetian property in Las Vegas.
OAKLAND, CA-The intellectual property law firm Beyer Weaver and Thomas LLP is relocating to 11,670 sf on the second floor of 500 12th St. from a smaller space in Downtown Berkeley while Everest Reinsurance Co. expands its presence in 1111 Broadway, moving to 11,191 sf on the 20th floor from a smaller space on the 14th floor.
SEATTLE-On behalf of an anonymous client, the San Francisco-based real estate advisor pays more than $64 million for the 211,874-sf class A office complex that overlooks Lake Union and is well stocked with credit tenants.
PORTLAND-The Port of Portland Commission on Wednesday approved the purchase of 700 acres of industrial land in East Multnomah County from Alcoa Inc. for $17.3 million. The sale should close in 2006, after Alcoa completes site demolition and environmental remediation programs.
KAPALUA, HI-The publicly traded hotel company acquires the leasehold interest in the Kapalua Bay Hotel with its partners, Marriott International and Exclusive Resorts LLC. In a related transaction, ML&P also acquired the leasehold interest in the nearby Bay Club.
PORTLAND-The two-tower development on Portland State University's campus includes 383 units of student housing above one floor of classroom and laboratory space and 15,000 sf of ground-floor retail.
VALPARAISO, IN-The Chicago-based manufacturer of cable-related products inks a $2.3-million lease deal that will result in the relocation of its manufacturing plant to this Northwest Indiana community from Chicago.
SAN FRANCISCO-Local sources tell GlobeSt.com that building owner Boston Properties is considering converting the landmark office building into a luxury hotel and condominium tower.