DALY CITY, CA-Rreef America LLC acquires the 370,000-sf office, retail and entertainment development from publicly traded Mack-Cali Realty Corp., Highridge Partners and an unnamed institutional partner.
SEATTLE-Biomed Realty Trust of San Diego closes a post-IPO acquisition that includes two area life science properties. The combined value of the two fully leased properties is about $70 million.
CHATTANOOGA, TN-The facility, which will be used to acquire and develop properties, replaces an existing $130-million unsecured line that was set to expire in September 2004.
SAN FRANCISCO-An investor group that includes the rock star inks a 15-year lease for a 9,000-sf industrial building here en route to opening a new restaurant that includes a tequila bar.
SPRINGFIELD, OR-The publicly traded cruise company is meeting with city officials here this week regarding its plans for a major call center that would start off with about 350 employees.
SUTTER CREEK, CA-The proposed Gold Rush Golf Resort here would include an 18-hole golf course, a 300-unit resort/timeshare complex, a 60-room hotel and about 1,000 single family homes.
PORTLAND-Two 10,000-sf developments adjacent to Wal-Mart stores in Wood Village and Clackamas are having no trouble finding tenants, according to Trammell Crow CO., which is handling both of the developments.
LAKEWOOD, WA-MBK Northwest sells the power center component of the 1 million-sf Lakewood Towne Center to Chicago-based Inland Real Estate Acquisitions. MBK purchased the 100-acre former enclosed mall and strip center in 2001 for $28 million and is in the midst of investing an additional $50 million in its redevelopment.
BEIJING-The interest in the 24-story, 600,000-sf class A office building is being sold to Hyundai Motor Company of Korea and its affiliates, Kia Motors and Hyundai Mobis. Hines and Trust Company of the West purchased the building in 2001 from its developer, Hyundai Engineering & Construction Co. of Korea and its affiliates. It was 40% leased at the time; the price was $95 million.
SALT LAKE CITY-After promising to leave, the Seattle-based department store chain said Friday it will remain at the Crossroads Mall in Downtown Salt Lake as part of a major redesign of the property by it owner, the LDS Church. The store is Nordstrom's worst performer in the nation.