SALEM, OR-Oregon's seasonally adjusted unemployment rate dropped from 7.2% to 6.7% in April, the first month since August 2001 in which Oregon's unemployment rate has been below 7%.
SEATTLE-The Washington State Bar Association signs a long-term lease for 41,000 sf in the Puget Sound Plaza Building. The lease commences in January 2007. The space is currently occupied by Washington Mutual.
SEATTLE-The 175 lawyer firm will backfill 80% of the space at 1201 Third Ave. that will be vacated by Washington Mutual in 2007. WaMu is developing its own Downtown office building at Second Avenue and Union Street. DWT is relocating from 1501 Fourth Ave, where it has been headquartered for 20 years.
SAN FRANCISCO-The New York based firm makes an $11.5-million preferred equity investment in the leasehold interest of Pier 39, the popular shopping and entertainment center on the San Francisco waterfront. The transaction was arranged by Los Angeles-based Sonnenblick-Eichner Co.
TEL-AVIV-Locally headquartered Elbit Medical Imaging Ltd. chooses the Klepierre Group of France as the purchaser of its wholly owned subsidiary Plaza Center BV, which owns a portfolio of shopping centers in Hungary.
LITTLE ROCK, AR-The Boston based public company with just two properties to its name enters into an agreement to sell its most valuable one, the 262,000-sf Park Plaza Mall, for $77.5 million.
SEATTLE-The US arm of the global construction services company is the general contractor for the the two-building, 383,000-sf mixed-use development that will get under way this summer and be ready for occupancy in 2006. NBBJ, the project architect, also will be a major tenant.
CUPERTINO, CA-With a new independent auditor on board, the publicly traded REIT says it now expects to be compliant with its SEC filing obligations by late July. The American Stock Exchange has signed off on the schedule, thereby allowing Mission West to remain listed in the interim.
HILLSBORO, OR-The Santa Clara, CA-based computing products giant pays $13 million for a 46-acre property adjacent to its Ronler Acres campus. The property, which holds 385,000 sf of buildings, has been owned by NEC, NatSteel and, most recently, Solectron Corp. The purchase price is more than 75% off the assessed market value.
LAS VEGAS-The New York-based real estate company sells Charleston Plaza here to a Los Angeles-based investor for $21.5 million. The grocery-anchored center was 98.5% leased at the time of sale.
