PORTLAND-Waterloo Restaurant Ventures Inc., the restaurant chain's franchisee for the Northwest, inks a long-term lease for 6,350 sf at the corner of Third Avenue and Yamhill Street in Downtown Portland.
HONOLULU-With about 200,000 sf of net absorption during the year, vacancy rates on the island have dropped nearly a full percentage point to 2.69%, according to a year-end report by locally based Colliers Monroe Friedlander, a.k.a. Colliers Hawaii.
EL CERRITO, CA-Fairfield Residential LLC of San Diego acquires Del Norte Place, a mixed-use community with 135 apartments above 12 plaza level commercial and retail spaces located one block north of the local Bay Area Rapid Transit station.
SEATTLE-By the end of January, Seattle Coffee Co. will vacate its 26,788-sf headquarters Downtown and relocate to Starbucks Center on First Avenue South.
SAN FRANCISCO-The locally based industrial REIT AMB Property Corp. expands its network of air cargo and logistics facilities with 1.3 million sf of properties in Paris, Frankfurt, Madrid and Tokyo.
SYDNEY-Locally based Macquarie CountryWide Trust pays $75.3 million for the interests. The seller, Regency Centers will retain a 25% ownership in each of the properties as well as the management assignment.
PORTLAND-The Portland Development Commission votes to maintain a Downtown Waterfront Urban Renewal Area for another four years and issue additional bonds so it can "finish what it started.
COLUMBUS, OH-The locally based retail REIT enters into an agreement to purchase a one million-sf regional mall here from Columbus East Joint Venture, an Ohio general partnership.
MILAN, ITALY-The London-based independent private equity fund manager sells the renovated 355,080-sf building for upward of $86 million to one of the leading German open-end funds.
MONTREAL-Through its Moncon Management Inc. subsidiary, the Chicago-based hotel company is handed the management for a 607-room former Wyndham-branded hotel in Downtown Montreal that was recently acquired by CNL Hospitality Properties Inc.