RENTON, WA-The Newport Beach, CA-based apartment REIT sells its Greenbriar development here to Carmel Partners of San Diego for about $2 million less than it invested in the property.
LORNE, AUSTRALIA-BreakFree Ltd., the Gold Coast-based company headed by former Sydney Swans AFL player Tony Smith, acquires Erskine on the Beach, a 143-unit resort here with room for expansion.
SAN FRANCISCO-Andrew Friedman, formerly with Lend Lease Real Estate Investments, will be the locally headquartered company's go-to guy for West Coast transaction activity.
PORTLAND, OR-Depending on what Gov. Ted Kulongoski decides, the Confederated Tribes of Warm Springs will either develop a low-rise, earth-toned structure in a Cascade Locks industrial park or an eight-story stone-and-glass building outside Hood River. Both would total about 500,000 sf.
STOKHOLM-LaSalle Euro Growth Fund II acquires Kungsgatan 18, a mixed-use development in the Central Business District here that comprises 183,000 sf, including 107,600 sf of office space and the city's largest movie theater.
SAN FRANCISCO-Rents increase modestly in most of the top 25 markets nationwide in the first months of the year, but the small gains are largely offset by decreasing occupancy, according to a first quarter report by Real Facts, an apartment data specialist.
KIRKLAND, WA-After one year with the company, Noble House Hotels' chief marketing officer Marc Pujalet has been named president of the locally headquartered owner and manager of 12 boutique hotels in seven states.
SEATTLE-The region saw 384,000 sf of negative net absorption during the first three months of the year and more is on the way, according to the latest quarterly report from the local office of the real estate services firm Grubb & Ellis.
WINSTON-SALEM, NC-Noble Investment Group of Atlanta is turning the two-building Adam's Mark Hotel here into two separate branded hotels as the centerpiece of a $56-million public-private partnership with the City of Winston-Salem.
BEAVERTON, OR-American Intercontinental University Online, a division of Hoffman States, IL-based Career Education Corp. signs a six-year lease at PS Business Parks' Cornell Oaks property, where it will operate a recruitment center for its a Web-based accelerated degree programs.