SACRAMENTO-The family of Charles S. Howard, known for his ownership of the racehorse Seabiscuit, looks to sell Rancho Arroyo Seco, one of the largest private property holdings in the state.
SEATTLE-The locally headquartered retailer signs an LOI to open a 200,000-sf store at Ala Moana Center in Honolulu in late 2007 or early 2008. Two previous LOI announcements for full-line department stores in Honolulu never came to fruition.
SINGAPORE-Macao is the hottest hotel investment markets in the Asia Pacific, according to Jones Lang LaSalle managing director Scott Hetherington, who spoke here last week at the 7th Asia Pacific Hotel Investment Conference. Sydney, Hong Kong and the Maldives Islands also are attracting investment, he says.
PORTLAND-Representatives of the Portland Development Commission and the Portland Business Alliance say at least six retailers not currently in the market are bound for Downtown by the end of 2006.
PORTLAND-After five years on his own, the former head of the local office of Colliers International affiliates tells GlobeSt.com he is affiliating with Sperry Van Ness in order to balance out his buy-side brokerage work with some disposition assignments.
CLEVELAND-The locally headquartered self-managed REIT acquires an additional 9.8 million sf of retail space in 53 assets as it works to complete its multi-billion transaction with University Park, FL-based Benderson Development Co.
TACOMA, WA-The 232,767-sf retail center is co-anchored by Gart Sports and Furniture Factory Direct. The seller was an affiliate of Dallas-based PO'B Montgomery of Dallas.
OAKLAND, CA-Comcast Cable acquires 5.9 acres entitled and permitted for a 50,000-sf operations center and the Carpenters Union acquires a 72,000-sf build-to-suit. Both properties are located on Hegenberger Road, where Dallas-based Lincoln acquired about 14 acres two years ago.
BELLEVUE, WA-The build-to-suit deal allows Canada-based developer Bentall to complete an 11-story office building it capped at three stories in 2002 due to declining market conditions. It will be the first office building to rise since that time.
COLUMBUS, OH-Pacific Coast Capital Partners and Lehman Bros. make a $5.4-million equity investment to acquire the 153-acre development out of bankruptcy in partnership with Industrial Realty Group, which will manage the facility. It is currently 25% leased to Spiegel and Sears.