TACOMA, WA-The city sells $56 million of long-term obligation bonds and about $33 million of revenue bonds to refinance short-term commercial paper used for construction of the Greater Tacoma Convention Center and additions to the city's public parking supply.
SAN FRANCISCO-The Taft-Hartley pension fund and advisory firm McMorgan & Co. LLC hands Trammell Crow Co. a project and property management service contract for just under three million sf of its Northern California retail, office and industrial asset management portfolio.
PORTLAND-On pace for its biggest acquisition year ever, the Portland-based merchant banking and development advisory firm promotes its vice president of asset management to senior vice president of acquisitions and backfills the vacated position with an acquisitions associate from LaSalle Investment Management in Chicago.
SAN ANTONIO-With its eyes set upon accumulating 1 million sf here, publicly traded EastGroup Properties of Jackson, MS, picks up an un-stabilized asset for $8.4 million, or $33.20 per sf.
SEATTLE-Milliken Urban Limited Partnership and billionaire Paul Allen's Vulcan Inc. name Pan Pacific and Whole Foods as the hotelier and anchor retail tenant for its $200-million mixed-use development.
PORTLAND-Oregon's seasonally adjusted payroll employment grew by 400 jobs in July. Average monthly growth through the first half of the year of 4,900 jobs.
NASHVILLE, TN-The Tennessee Department of Human Services signs a 10-year, $21.2-million lease that will move a unit of the agency from 90,000-sf in Downtown to 133,635 sf in the Metro Center submarket.
STANWOOD, WA-Lindstrom Development Group breaks ground for a 54-unit condominium project on one of the remaining lots at its Stanwood-Camano Village mixed-use development. At approximately 24 units per acre, the project is one of the densest in North Snohomish County.
DALY CITY, CA-The wholly owned subsidiary of UK property giant Liberty International PLC refinances the 863,000-sf regional mall here with a $95-million loan from Cigna that was funded through its Northmarq mortgage banking correspondent.
CARBONDALE, IL-Bayview Financial LP of Miami refinances University Mall, a 677,113-sf property here built in 1972 and renovated in 2003. The lender is CDC Mortgage Capital Inc.