RICHMOND, CA-The 32,000-sf office/R&D building sits on 2.2 acres in the Point Richmond Business Park. The 13-year-old asset was acquired by an owner-user.
BEAVERTON, OR-The three-year-old industrial-flex building is leased through 2011 by Audio Precision Facilities. The buyer is Portland-based Granada Investments. The sale price is $4.8 million.
TORONTO-The locally based urban apartment REIT decides to handle all its own leasing and property management and will pay a $1.8-million fee to its current third-party provider in order to terminate its contract one-year early.
FOSTER CITY, CA-The locally based apartment REIT acquires a controlling interest in four properties California, Colorado and Washington from joint venture partner Legacy Partners.
POLAND-The Chicago-based investment management firm's Central Europe Property Partners II fund is joint venturing with New York-based Polimeni International to develop retail centers anchored by large supermarkets in several cities in Poland.
SEATTLE-Palo Alto, CA-based Wilson Sonsini Goodrich & Rosati is relocating its Puget Sound office from Carillon Point in Kirkland to the 76-story Bank of America Tower in Downtown Seattle.
PORTLAND-Apollo College adds about 5,000 sf to the 13,716-sf lease it signed two years ago and extends its commitment to 10 years at the Glimcher-owned shopping center here, which has 100,000-sf of office space on its third level.
PORTLAND-The owners of Sandoval's Mexican Grill and Stanford's Restaurant & Bar ink leases for space at Portland International Airport. The rate on the leases is based on a percentage of gross sales.
DOVER, DE-The project involves a 50-year government lease of 238 acres of land in Eagle Heights and the conveyance of 1222 existing housing units and other improvements to a private developer. In preparation for an RFP that will be issued in March, a free full-day forum is being held at the Dover Downs Hotel and Conference Center later this month.
RICHMOND, CA-The San Diego-based multifamily developer pays $32.5 million for the Hilltop Apartments here from Redwood City, CA-based Prometheus Real Estate Group, and proceeds to change the name of the complex to Baycliff.