TIGARD, OR-The Sunflower Apartments here sells for $11.2 million. Low-Income Housing Tax Credit restrictions on the property expired in December 2003. Occupancy is 91%.
DUBLIN-As part of the plan, the world's largest chip maker will add a 60,000-sf clean room to its plant near here that will support the manufacture of a new generation of ultra-fast microprocessors.
SOUTHHAVEN, MS-Developer CBL & Associates Properties Inc. says construction on the 196-acre Southaven Towne Center will get under way here on June 1. Phase one is scheduled to open in the fall of 2005 with JCPenney and a host of small shop retailers. Dillard's will open in the spring of 2006.
PORTLAND-The Atlanta-based paper products company, which pre-leased the 402,450-sf Rivergate Corporate Center II building in February 2003, pre-leases the 204,550-sf expansion of the structure, which is slated for completion by year's end.
SAN MATEO, CA-Stockbridge Real Estate Fund takes out a $50-million loan on the 83-acre property while it continues to seek approvals for a major mixed-use redevelopment of the site and waits to hear if slot machines will be allowed at the racetrack, which could put a halt to its redevelopment.
SEATTLE-The Seattle City Council is holding a public meeting this week regarding the restrictions on the University of Washington's ability to lease property surrounding its main campus. The council lifted the restrictions last year.
PORTLAND-Local developer Marty Kehoe buys the 16 building, 108-unit development overlooking Northwest Portland for $15 million with plans to offer the apartments for sale as condominiums. If they sell for an average of $240,000 each, their sale would bring in $26 million.
CLEVELAND-The founder of Developers Diversified Realty Corp. and the father of the company's current chairman and chief executive, Scott Wolstein, dies of a heart attack at 77.
SEATTLE-The 15-story building is 86% leased, with the federal government taking approximately 60% of the space. The purchase price equates to $139 per sf.
PORTLAND-Portland State University leases the 12,227-sf top floor of the nine-story building at 1600 SW Fourth Ave. as the new home for its Regional Research Institute for Human Services, which is part of the university's Graduate School of Social Work.