HAYWARD, CA-R&B Wholesale Distributors Inc. acquires a 61,000-sf warehouse near the San Mateo Bridge that it will use for the distribution of appliances, electronics, furniture and commercial equipment.
BEAVERTON, OR-Two financial services firms, two technology-related companies and a law firm lease a combined 30,227 sf at the 1.4-million-sf AmberGlen Business Center.
TORONTO-The deal involves about 13 million sf in about 100 properties, which Bentall Capital LP will now manage and lease on behalf of Sun Life Financial. The majority of Sun Life employees servicing the portfolio are now employees of Bentall.
INDIANAPOLIS-Simon will acquire all of Chelsea's outstanding common stock and operating partnership units for $3.5 billion and also assume the company's existing indebtedness and preferred stock, which totaled approximately $1.3 billion as of the end of March.
LEWES, DE-The nonprofit pays off a single tax exempt bond financing that covered two properties with individual FHA loans for each property that throw off much more cash.
SAN FRANCISCO-Christopher Keane, formerly a manager in the L.A. office of PKF Consulting and head of development for Larkspur Hospitality, lands the 404-room Resort at Squaw Creek as the first big assignment for his new asset management and investment advisory firm.
SEATTLE-The 130,000-sf Downtown class B building here is owned by LHT Corp. The leases, which include three full-floor deals, take occupancy in the 23-story structure to 86%.
SAN FRANCISCO-Bank of America may sell its 50% stake in the 1.8-million-sf Bank of America Center as part of a re-capitalization of the city's premier Downtown office tower. Shorenstein Co., which owns the other 50%, says it has no plans to sell its stake in the building as part of the current effort, which includes a refinancing of the debt on the property.
GIG HARBOR, WA-Northwest Capital Investors signs a purchase agreement for 1.7 acres in the mixed-use development here for construction of a future Walgreen's drug store. Costco already has tied up 20 acres in the project, which in addition to retail will include 17 acres of business park, 45 acres of park and open space and about 1,000 residential units.
LAS VEGAS-After unsuccessful bids for the Aladdin hotel-casino here and the Las Vegas Hilton, Los Angeles based Financial Capital Investment Co. acquires the Alexis Park Hotel & Spa and an adjacent apartment community with plans to raze the apartments and add three towers and a casino.