LAFAYETTE, CA-Locally based Bedford Property Investors obtains $39.7 million of new mortgage financing for six properties in California and Arizona in order to pay down a portion of the outstanding balance of its revolving line of credit.
FAIRFIELD, CA-The locally based hotel owner and manager is nearly halfway through a $10-million renovation of a 312-room resort on Kauai that it acquired in September for $9.5 million. The property will become the first Marriott-branded hotel in Hawaii.
CANBY, OR-The new park, controlled by a couple of dozen local landowners, represents one of Clackamas County's largest pools of developable industrial land.
MEMPHIS, TN-The Norfolk, VA-based owner of some 7,500 apartments in the Eastern US adds two Memphis properties, one 400 units and one 142 units, with plans to renovate the properties in order to enhance their position in the market.
SEATTLE-John Goodman's Triad Development is more than half-way through its $8-million conversion of the 88-year-old OK Hotel in Downtown Seattle's Pioneer Square into an affordable apartment building with ground- and basement studio space for artists.
WALNUT CREEK, CA-Locally based Inland Mortgage Corp. recently funded three first mortgages totaling $31.48 million for the development of mixed-use centers in California and Nevada.
RENO, NV-Wattson Breevast of Newport Beach, CA sells the Fire Creek Crossing power center here to San Diego-based American Assets Real Estate Group. Wattson Breevast began developing the center in the mid-1990s.
TUMWATER, WA-All-American Bottled Water Corp., a recently formed water bottling company based in Nevada, says it is close to signing a contract to acquire the idle Miller brewery here and the associated water rights.
SAN JOSE-Equity Office Properties Trust names Richard Scott--most recently principal and senior vice president of Commercial Property Services Co. in Santa Clara, CAits managing director leasing in the San Jose region.
SAN JOSE-Equity Office Properties Trust names Richard Scott--most recently principal and senior vice president of Commercial Property Services Co. in Santa Clara, CAits managing director leasing in the San Jose region.