PRINEVILLE, OR-Crook County officials are expected to hold a public hearing sometime in June. Eagle Crest Inc. hopes to break ground this fall. The flagship amenity will be a golf course co-designed by Peter Jacobsen and Jim Hardy.
TOKYO-The open-end fund designed for individual Japanese investors has attracted $130 million to date, money that that is being used to invest in public REITs and REIT-like companies.
AKRON, OH-The publicly traded shopping center investor from Chattanooga, TN acquires the 862,000-sf Chapel Hill Mall here and an adjacent 117,000-sf property from Forest City Enterprises. The investment will generate an initial yield of 8.3% based upon current income.
SAN FRANCISCO-The 333 and 425 Market St. buildings are owned by general partnerships that include Shorenstein, IBM, MetLife, and Fremont Properties. The Hills Plaza Complex on the Embarcadero is one of the last remaining assets in Shorenstein's very first fund.
NOVATO, CA-Hall Kinion & Associates Inc. is closing its headquarters here as a result of its pending acquisition by Tampa, FL-based Kforce Inc. The company leases 17,510 sf of class A office space at 75 Rowland Way.
PORTLAND-The city offers to sell its 140,000-sf portion of the Fourth Avenue Building to Portland State University for the $24 million in debt on the property. PSU already owns the remainder of the 194,000-sf building.
OLYMPIA, WA-The two-tenths of a percentage point increase belies a 21,700 net increase in jobs during the month and is most likely the result of more people looking for jobs, state economic analyst Carolyn Cummins tells GlobeSt.com.
INDIANAPOLIS-The locally headquartered medical products manufacturer says it wants to choose a location in the next 90 days for a 100,000-sf plant for manufacture of its drug-coated heart stents.
BELLINGHAM, WA-The locally headquartered grocer with 14 stores in Oregon and Washington acquires a 27,500-sf neighborhood store here and may eventually look to open other small-format stores in the region. Its typical store is closer to 60,000 sf.
PLEASANTON, CA-The 11,281-sf flex-office lease by the growing software maker is for a term of about 31 months, which matches the remaining term on the company's existing 29,000-sf lease in the park.