SUNNYVALE, CA-ARCS Commercial Mortgage lends $91 million on a portfolio of nine multifamily properties in Northern California at an initial rate of 1.9% through Fannie Mae's DMBS program, which is reserved for larger borrowers.
YAKIMA, WA-WestCoast Hospitality Corp. subsidiary WestCoast Hospitality LP exercises an option to acquire the 172-room Red Lion Hotel Yakima Gateway for $6.3 million.
SACRAMENTO, CA-The deadline for offers on the 415-unit Downtown multifamily development here was Monday. The brokers handling the disposition tell GlobeSt.com a decision on whether to accept one of the offers or continue marketing the property will be made in the next few weeks. The asking price was $55.2 million.
BEAVERTON, OR-Vertical construction will get under way here this spring for Century Theaters' second movie house in Oregon, to be located at Cedar Hills Crossing Shopping Center.
NASHVILLE, TN-Healthcare Realty Trust Inc. agrees to acquire a baker's dozen of medical office buildings in three states from Ascension Health Inc. and its affiliates, as well as five other properties.
PRAGUE, CZECH REPUBLIC-Heitman Central Europe Property Partners II pays Viterra Development GmbH an estimated $120 million for a 1.5-million-sf logistics park located three miles south of here in Rudna.
TACOMA, WA-Five years after buying the 225,000-sf office building for $40 million, Stellar International Holdings makes a tidy profit selling the single-tenant, net-leased asset to Wells Real Estate Investment Trust, and frees up equity for other investments.
SEATTLE-Almost two months after Deloitte & Touche LLP resigned because it "could no longer rely on representations of the company's management," the locally based self storage REIT retains PricewaterhouseCoopers LLP as its independent accountants.
PORTLAND-The locally based real estate investment firm pays $9.4 million for the 65,000-sf Downtown office building. Located at Southwest Third Avenue and Yamhill Street, the nine-story class B structure was built in 1910.
MADRID, SPAIN-Winding down a five-year joint venture, a group of Spanish companies has retained Morgan Stanley to unload its 18-unit US hotel portfolio. Pyramid Advisors, a Boston-based hotel company, has been named as asset manager of the hotels until they are sold.