OAKLAND, CA-After pre-leasing 160,000 sf the class A office building here in 2000 and paying $16 million to terminate it when the building was completed two years later, the Internet company inks a new 8.5-year headquarters lease for 55,803 sf in the building that both parties expect will run its normal course.
REDMOND, WA-The proposed sale of the 232,700-sf, three-building campus here is part of the Ch. 11 bankruptcy reorganization of the retailer's Downers, Grove, IL-based parent company Spiegel Inc. The agreement--which needs court approval and may still be superceded by a better offer--includes a three-year, $9.3-million leaseback by Eddie Bauer that can be terminated without penalty after two years.
PORTLAND-Five new leases, including four by the General Services Administration, will fill about 121,000 sf of the 222,777-sf building, which has sat largely vacant since being completed in March 2002. Integra Telecom occupied 51,000 sf in the building last month.
SEATTLE-The locally based real estate company plans to ink a 90-year ground lease for a 16,500-sf University District parking lot en route to development of a six-story building that would have three floors of apartments over three floors of office and retail space.
OAKLAND, CA-Later this year, Alameda, CA-based Golden State Overnight Delivery Service Inc. will vacate its Hayward, CA distribution facility in favor of a warehouse here that is owned by Western Door & Sash Co.
SANTA CLARA, CA-The investment arm of the Trammell Crow family sells the 126,000-sf Mariposa Shopping Center here to First Washington for close to $206 per sf.
SOUTHHAVEN, MS-With the land in hand, Chattanooga, TN-based CBL & Associates Properties is gearing up for development of a 420,000-sf open-air shopping center here that will open in the fall of 2005.
WINDSOR, ENGLAND-In its ongoing effort to reduce its hotel assets and increase its management and franchise business, the locally based hotel company puts another $930 million (£500 million) worth of US hotels on the market after putting a portfolio valued at $238 million (£128 million) up for sale earlier this year.
HARTLEPOOL, ENGLAND-Tees Valley Regeneration and PD Ports, Logistics and Shipping submit plans to the Hartlepool Borough Council for Victoria Harbour, a redevelopment of Hartlepool's North Dock that will include 3,500 homes, 1 million sf of office space and 195,000 sf of retail.
PORTLAND-The Seattle-based real estate company is bringing in Menlo Park, CA-based Broadreach Capital to replace JP Morgan, its 50-50 partner in the 1.1 million-sf asset acquired in 2000 for $165 million.