SUMNER, WA-On the heels of a successful phase-one speculative warehouse project, developers of an eventual three-million-sf industrial park along SR 167 announce phase two with expectations of a similar result.
PORTLAND-The 2002 Urban Growth Boundary Expansion included 2,317 acres for industrial development, but still fell about 2,000 acres short of the projected need. The council is now considering the addition of another 1,600 acres.
KANSAS CITY, MO-A 33-year-old Dutch entrepreneur living in Vancouver, BC, is hoping to make his inaugural foray into real estate investment unforgettable. His company, NSL Holdings Inc., has released a concept plan for a 1,000-acre development near here that would include the world's tallest building (2,460 feet)sitting on top of the world's largest enclosed shopping mall (17.5 million sf).
MEXICO CITY-The California Public Employees' Retirement System will invest $50 million over the next three years in properties developed by Corporación Inmobiliaria Vesta, S. de R. L. de C.V., a locally headquartered real estate holding and development company.
LIVERMORE, CA-The Oakland, CA-based nonprofit healthcare provider signs a seven-year lease for 125,000-sf high-cube distribution space within the Amador Business Center.
WILSONVILLE, OR-The Washington-based manufacturer inks a 50,000-SF lease for part of a 249,625-sf AMB Property Corp. asset here delivered last May at a cost of $11.9 million.
SUMNER, WA-The developers of Sumner Corporate Park today will reveal their future construction plans for the 150-acre former turf farm near SR 167. The park's inaugural offering, the 492,000-sf Summit Building, was fully leased in February to a locally based third party logistics firm.
BISMARCK, ND-The Woodmont Co. of Fort Worth, TX, says it will break ground this summer for a 51-acre retail development here now that Lowe's Home Improvement Warehouse and Kohl's department store have committed to taking space in the project.
FRENCH LICK, IN-The formal proposal to the Indiana Gaming Commission by Trump Hotels & Casino Resorts is one of three vying for a riverboat casino license that state regulators will award later this year. Caesar's Entertainment backed out of the running in February.
TOKYO-Founded last year by five of the six managing members of Westbrook Real Estate Partners LLC, the San Francisco-based private real estate investment and asset manager says a real estate executive from UBS Securities Japan will join the firm at the start of May as a principal and member of the firm's investment committee.