HAIMEN CITY, CHINA-GSL Holdings Inc. of Los Angeles pays its controlling shareholder 6.5 million shares valued at $2 each in exchange for the 160,000-sf Shi Shan Hotel in Haimen City, Jiangsu Province, China.
ELKHART, IN-On behalf of Credit Suisse First Boston, Trammell Crow sells the Concord Mall here for $16.8 million. The mall includes a 523,603-sf regional mall, 33,484 sf of out parcels and a 46,492-sf shopping center.
RENTON, WA-Locally based Boeing Capital Corp. says it will relocate its Long Beach office to Renton as it makes changes that include shedding its Commercial Financial Services group, which has a $2.3-billion portfolio.
SAN FRANCISCO-The institutional real estate investment fund is investing in the acquisition and renovation of under-performing apartment and other residential properties in the Western US. With leverage, the fund expects to acquire over $750 million of assets over the next three years.
WARSAW-The joint venture will develop upward of 5,000 for-sale residential units on seven sites across the Czech Republic, Hungary and Poland on behalf of Heitman Central Europe Property Partners II.
OAKLAND, CA-Clear Channel Outdoor Inc., one of the largest outdoor advertising companies operating in Northern California, signs a 10-year lease for 10,854 sf that commences in March.
PORTLAND-Port of Portland commissioners sign off on the sale of nine acres of Terminal 4 upland to Mt. Hood Chemical Corp. at $4.75 per sf as well as the sale of 18 acres on Front Avenue to McCall Oil and Chemical Corp. at $4.64 per sf.
SEATTLE-Reynolds Haas, most recently a senior director for Cushman & Wakefield's Financial Services Group, is now a senior vice president with Colliers International in Seattle, where he joins longtime friend and associate Rob Aigner, Colliers' locally based executive managing director.
PRAGUE, CZECH REPUBLIC-The Quinn Group of Cavan, Ireland buys the 788-room Hilton Prague and the 336-room Ibis Karlin Hotel from a joint venture of Highridge Partners LLC, a privately owned real estate investment company, and DB Real Estate Global Opportunities Fund IA, which is managed by Deutsche Bank's Real Estate Opportunities Group.
CALGARY, AB-The independent developer and marketer of food products from Freehold, NJ, enters into an agreement to sell its commercial rental property here in accordance with a board mandate to focus on its core business.