PORTLAND-Completed in 2002, the 488,125-sf RCC I complex on North Lombard Street is now 50% leased. The new tenant is Packaging Services Inc. The building owner is Multi-Employer Property Trust.
INDIANAPOLIS-As part of a five-property acquisition related to its secondary offering completed in December, the locally based medical office REIT adds a 116,451-sf medical office building in New Jersey and a 40,686-sf property near Dallas.
BEAVERTON, OR-A Seattle-based investment group that owns properties along the West Coast acquires Fair Oaks Village Apartments, a six-building property here that is about five years old.
FREMONT, CA-The tools manufacturer sells a 125,000-sf mixed-use industrial facility here to Vin Sahn Properties for $6.3 million, and then leases back about 10% of the space for its engineering/testing division.
LOUISVILLE, KY-The locally based healthcare REIT agrees to buy 2,000 independent and assisted-living units in 10 states with an average occupancy of 93%. The seller is Chicago-based Brookdale Living Communities Inc., which will continue to operate the facilities under a long-term lease.
BEIJING-Warner Bros. International Cinemas and China real estate developer Dalian Wanda form a joint venture that will develop and operate 30 multiplex theaters in at least 15 Chinese cities. The deal is the first of its kind between a Chinese property developer and a Hollywood studio.
SEATTLE-Having generated $30 million in revenue from the sale of five other properties over the past 18 months, Seattle Public Schools puts its last major surplus property on the block for a minimum bid of $2.4 million.
PIGEON FORGE, TN-Three new developments are coming to this resort town, home to Dollywood entertainment park and adjacent to Great Smoky Mountains National Park.
SAN FRANCISCO-Using 90% loans sourced by Holliday Fenoglio Fowler, the locally based Lembi Group acquires two multifamily properties with a combined 148 units and refinances several other multifamily properties it already owns.
MUMBAI, INDIA-Expanding its partnership with its international affiliate Atis Real, New York-based Cresa Partners adds an office here that will be led by the former head of Insignia Brooke's India operations.