SAN LUIS POTOSI, MEXICO-Parque Logistico will be built out over the next seven years on land adjacent to the NAFTA Highway. The 1,000-acre project is 300 acres more than Hines has developed in Mexico over the past 30 years combined.
NASHVILLE, TN-Talcott Realty Investors makes its first purchase in the state, paying close to $32 million for the Grassmere Business Park here. The purchase includes several acres of developable land.
PORTLAND-Oregon's unemployment rate remained essentially unchanged at 6.8% through May (it was 6.7% at the end of April), but payroll employment rose substantially, according to the Oregon Employment Department.
SEATTLE-An offering memorandum will be available Monday for the city-owned downtown office buildings built in the early 1900s. The city has been vacating the buildings in favor of Key Tower, a more modern city-owned office property on Fifth Avenue. The buildings have a combined 236,000 sf. The asking price is in the $40s per sf. Offers are due July 6.
SAN FRANCISCO-The California properties, two 90,000-sf department stores and the company's 420,000-sf distribution facility, are tied together in a joint trust arrangement. Gregory Ambro, CFO for the Fresno, CA-based department store chain, tells GlobeSt.com the company is talking with potential buyers who would be willing to un-bundle the properties.
EVERETT, WA-Steadfast Commercial Properties, the Newport Beach, CA-based company that in 2003 purchased the 736,000-sf Sea-Tac Mall in Federal Way, WA, buys the 677,123-sf Everett Mall with plans for a major renovation.
SAN FRANCISCO-Three California leasehold properties net leased to Fresno, CA-based Gottschalks Inc. are up for sale at a combined asking price of $27.3 million. The package includes two 90,000-sf department stores and one 420,000-sf distribution facility.
PITTSBURGH, PA-The six-story, approximately 270,000-sf office building will rise on the edge of the Allegheny River between the city's new baseball and football stadiums, PNC Park and Heinz Field. Del Monte Foods has signed a 15-year lease for about 65% of the building.
BIRMINGHAM, ENGLAND-U.K.-based residential developer Persimmon PLC acquires the 80-acre property here for £26 million ($46 million), with about 25% of the price to be paid this year and the remainder due in 2005.
VANCOUVER, WA-The 50,000-sf Parkway Plaza IV building completed last month is more than half leased up thanks to a full-floor lease and two smaller commitments, according to the leasing agent for the property.
