FREMONT, CA-A 62-unit apartment complex here is acquired by Bascom NorthWest Ventures LLC, a San Francisco-based company that plans to acquire $300 million worth of apartment communities in Northern California, Oregon and Washington over the next three years.
MILWAUKIE, OR-After deciding not to purchase Portland Community College's campus on Southeast 82nd Avenue, Goodwill Industries of the Columbia Willamette decides to sign a long-term lease at the Heleco Distribution Center.
BILBAO, SPAIN-The publicly traded hotel company signs up with Vinos de los Herederos del Marquis de Riscal to manage a Frank Gehry-designed luxury hotel that will open at the end of 2005 in the heart of the Rioja wine region, south of Bilbao.
PITTSBURGH, PA-Working with Holliday Fenoglio Fowler, an affiliate of Hillman Properties secures a high-leverage loan through Bank of America for PPG Place, a 1.5-million-sf class A office complex in the Pittsburgh CBD.
BELLEVUE, WA-Jonathan Needell, most recently with Merrill Lynch in New York, has assumed the role of chief financial officer and investment director for the locally based real estate investment firm Schnitzer Northwest.
MODESTO, CA-The San Francisco-based investment partnership pays $4 million for the former Tillie Lewis Foods cannery site with plans to redevelop the nine-acre property into a business park.
SEATTLE-Teachers Insurance Annuity Association of America acquires a 75% interest in the World Trade Center East office building in the city's Waterfront submarket as part of a $545-million, 13-building joint venture with Equity Office Properties Trust.
COLUMBUS, OH-At a cost of $56.5 million, the locally based retail REIT buys out its partners in the 1.5-million-sf Polaris Fashion Place and the 723,352-sf Polaris Towne Center. Both are located in Columbus.
HONOLULU-The California State Teachers' Retirement System sells two local assets, the 346,619-sf Davies Pacific Center and the 203,910-sf Pan Am Building, to the Shidler Group for $90 million. CalSTRS paid $145 million for the properties in 1989.
TRACY, CA-Robert Patillo Properties of Atlanta is having two distribution facilities developed at its 150-acre Tracy Logistics Center for Kellogg USA and Prima Products, a manufacturer of vinyl windows.