FRANCE-On behalf of a fund created last year with the First Islamic Investment Bank of Bahrain, Heitman pays $87 million for 1.9 million sf of distribution logistics properties from an ownership group led by Cargill Inc.
VANCOUVER, WA-The Portland-based real estate services firm is handed the leasing assignment for office and retail portions of the $95-million mixed-use development here by Vandevco Ltd.
PETALUMA, CA-Relocating from the other end of town, the wholesale lender inks a 10-year agreement here for about 77% of the newest office building at RNM Properties' Lakeville Business Park.
COLUMBUS, OH-The locally based retail REIT completes a public offering of preferred stock that will pay off a previous issuance, and unloads a 95,000-sf community center in Cambridge, OH that is only 15% occupied.
ISSAQUAH, WA-After reviewing multiple offers for its expandable 220,000-sf campus here, the Trinity Lutheran College board of directors approves a proposal from the City Church of Kirkland, initiating a 90-day due diligence period during which the final terms will be negotiated.
NEWPORT, RI-A Pennsylvania company plans to transform a 16-story former wire-stretching facility on Narragansett Bay, adjacent to the exclusive private club Carnegie Abbey, into an ultra-luxury condominium tower expected to generate $180 million in sales.
ALBANY, OR-A 35,800-sf office, testing and warehouse building here on about five acres will be auctioned off one month from now. A 2% commission is offered to any licensed real estate agent who registers the high bidder.
BIRMINGHAM, AL-The 86,000-sf, three-story building is being developed near the Birmingham-Jefferson Convention Complex. The federal General Services Administration has pre-leased the building for 15 years.
WILMINGTON, DE-The 264-unit Arbor Pointe Apartments is acquired by Robino Stortini Holdings LLC for $72,000 per unit. The seller recently added a new clubhouse and leasing center to the property.
TACOMA, WA-Nearon Enterprises, which last year won the right to develop a waterfront hotel and residential development here, is moving away from the original plan and toward one more similar to that of its original competitor for the project, Portland, OR-based Williams & Dame.