NASHVILLE, TN-With plans to spend an additional $3 million on upgrades, Madison Apartment Group LP acquires the Ridgelake Apartment Complex here from a partnership comprised of Fogelman Properties and GE Capital.
HAMBURG, GERMANY-Continuing its acquisition program for Pan-European Fund No. 1, the joint venture of locally based MM Warburg & Co. and London-based Henderson Global Investors Ltd. spends $63.5 million on property in France, Germany and the UK.
SAN FRANCISCO-The local office of the Houston-based real estate services firm wins the property management, construction management and leasing assignments for a five-building portfolio in the Van Ness corridor that includes the 126,000-sf Cathderal Hills office building.
STANWOOD, WA-Lindstrom Development Group is working toward adding condominiums to its ongoing Stanwood-Camano Village mixed-use development here instead of more office buildings as originally planned. The site sits on a hill overlooking Downtown.
BARCELONA, SPAIN-The operating division of the UK based Hilton Group plc pre-leases a 434-room, five-star hotel that is under construction here in the Diagonal Mar area.
PORTLAND-Local developer Tom Kemper wins the right to redevelop a 36,000-sf property at the corner of North Interstate Avenue and Killingsworth Street, along the city's new light rail line.
DANVILLE, CA-For $2.6 million, Diablo Valley Bank buys a 29,000-sf parcel in Downtown Danville that holds a vacant restaurant building it hopes to raze and replace with a two-story office complex for its own use.
SAN FRANCISCO-Boston Properties hands the leasing assignment for the center's 350,000 sf of retail and restaurant space to the San Francisco office of New York City-based Cushman & Wakefield. The assignment was previously held by a locally based company.
PORTLAND-And the winner is Dave Squire, executive vice president and managing director of Grubb & Ellis local office, whose aggregate deal volume topped $82 million during a down year for most brokers.
BELLEVUE, WA-Bascom NorthWest Ventures of San Francisco acquires the Eden Roc Apartments here with plans to upgrade and reposition the 34-year-old property. The sale closed Feb. 6.