WASHINGTON, PA-The bulk of the funds will go to support the Crossroads, a $100-million mixed-use urban renewal project that focuses on a crucial two-block span of the 14-block revitalization area.
WOODINVILLE, WA-The 18-acre development is one of the larger undertakings this area has seen and one of the first in Washington to combine production wineries, retail, commercial and residential uses. Groundbreaking for the estimated $50-million project is planned for early 2005.
PORTLAND-The title services firm signs leases for two of its title plants and one of its retail locations. The deals included two renewals and one relocation.
KOHALA COAST, HI-A joint venture that includes AEW Partners IV picks up about 48 acres at Mauna Kea Resort on Hawaii's Big Island for a 120-unit residential community. In other Hawaii news, the Kauai County Planning Commission last week approved permits for the reconstruction of Poipu Beach Hotel, which has been shuttered since Hurricane Iniki damaged the property in 1992.
SAN FRANCISCO-Morgan Stanley Real Estate's Prime Property Fund acquires the Hills Plaza office building here from a fund managed by locally based Shorenstein Co.
SAN FRANCISCO-The 915,000-sf two-level regional mall is 91.7% occupied and producing sales of approximately $475 per sf. GGP reportedly acquired the asset at a 10% premium to the original offering price.
PRINEVILLE, OR-Two months after Eagle Crest Inc. submits its final development plan, the Crook County Planning Commission gives it a thumbs up, clearing the way for the Redmond-based resort developer to file its preliminary plat and break ground by September.
NEVADA CITY, CA-Bentley Forbes of Los Angeles acquires a 151,000-sf campus here for $11.5 million. The three-building development is 100% leased by Thomson Broadband & Media Services Inc. for the next 12 years.
ESSEX, ENGLAND-Bourne End Properties sold a 335,000-sf shopping center here for $50.4 million. The sale leaves one asset in Bourne End's portfolio, a 74,000-sf retail center that should be liquidated in the next 12 months.