RIDGEFIELD, WA-MTR Western of Seattle will spend $3.5 million developing a complex on five acres at the Port of Ridgefield. The company will relocate from leased space on Marine Drive in Portland.
BLUE SPRINGS, MO-The 100,000-sf Blue Ridge Bank & Trust Building officially opened last week with three of its six floors still available. The structure is about 137-feet tall and has 11-foot ceilings.
OAKLAND, CA-Simeon Commercial Properties will begin vertical construction next month on a 250,000-sf retail development at the Northwest corner of Interstate 880 and Hegenberger Road. Originally, the site was to hold more than one million sf of office space.
BELLEVUE, WA-The supply of large industrial availabilities in South King County and Northern Pierce County tightened by 20% during the first three months of the year for the third consecutive quarter of decline, according to the latest report by locally based Pacific Real Estate Partners.
SEATTLE-The owner of three large Seattle hospitals says the proceeds from the five-building sale could exceed $100 million, money it will use to develop clinical programs, acquire new medical technology, replace older buildings and equipment, and expand over to the Eastside of Lake Washington.
DALY CITY, CA-Before granting approval, the city planning commission here reduces the size of a proposed 95-unit residential-over-retail development by 20 units such that it won't pencil without a subsidy.
PORTLAND-Harsch Investment Properties finds two new tenants for 160,000 sf at Stockyard Commerce Center that is being vacated by Biagi Bros. and Dean Foods, and expects to announce another 60,000-sf tenant next week that will bring the 452,306-sf development to 99% leased.
CINCINNATI-The Lenexa, KS-based diagnostic services provider selects the city over Northern Kentucky as the location for a $21-million expansion of its medical laboratory testing operations.
RALEIGH, NC-The locally headquartered hotel REIT pays $8.2 million for its un-held interest in Hilton Garden branded properties in Evanston, IL, and Windsor, CT.