PORTLAND-Scott Madsen, a senior director and top producer in Cushman & Wakefield's local office group, leaves the company to be a principal in the recently formed Capacity Commercial Group.
PLEASANTON, CA-Cor-O-Van Moving & Storage inks a seven-year lease for an industrial building on Sunol Boulevard. The one-time manufacturing building traded hands earlier this year after sitting vacant for a couple of years.
BELLEVUE, WA-The new owner of Safeco's life and investments business leases 218,351 sf at Rainier Plaza and 71,531 sf at Key Center. Equity Office Properties, which owns the buildings, says the leases drop direct vacancy at the buildings to 2.5% and 1.4%, respectively.
NORTH CANTON, OH-The maker of automatic teller machines and other electronic systems inks a build-to-suit lease deal for a 150,000-sf product distribution, repair and shipping center at the Akron-Canton Airport.
WAREN, GERMANY-Azur International Inc. has acquired a 50% interest in five properties here for $18.5 million in company stock. The purchase includes resort hotels, retail and office complexes, an apartment building, and waterfront property for a boutique resort hotel & casino development.
WILSONVILLE, OR-One month after closing on 198 acres here from the State of Oregon for $13.6 million, the locally based developer closes the first phase of a 158-acre contract sale to West Hills Development that will bring in $32.7-million.
SAN FRANCISCO-The locally based owner and developer of distribution facilities acquires 12.2 acres in Osaka and 4.8 acres in Tokyo for development of two buildings totaling 1.8 million sf.
REDMOND, WA-BRE Properties acquires the 226-unit Evergreen Park Apartments here from Rreef for $137,168 per unit. Located immediately adjacent to Microsoft's campus, the complex is about 97% leased.
HONOLULU-Acquired by the Shidler Group of San Diego, the seven-building commercial complex here includes 415,000 sf of office space and 90,000 sf of restaurant and retail space that is 97% leased.
LONGUEUIL, QUEBEC-The Jean Coutu Group Inc., a locally based drugstore chain, closes on its $2.5-billion acquisition of 1,549 Eckerd drugstores and support facilities in the Eastern US from JCPenney Co. Inc., which concurrently closes on the sale of another 1,260 stores to CVS Corp. for $2.1 billion.