PORTLAND-Bourne End Properties, which the locally based investment company acquired in 2000, sells a 97,000-sf retail center located in Bridgewater, England, for $23.5 million.
FOLSOM, CA-The area's largest locally based residential builder is planning a $70-million project here on 50 acres that will complement Kaiser Permanante's plans to develop a medical center on 50 acres of adjoining land.
EL PASO, TX-Cypress Equities, an affiliate of Staubach Retail Services is the new owner of Bassett Shopping Center, a 598,167-sf regional mall here that is currently 96% leased.
PORTLAND-The Vancouver, WA-based homebuilder signs a purchase option with the Teufel family for its nursery operation headquarters property located six miles west of Downtown.
SEATTLE-The locally based fast food chain selects a former Subway franchisee from Eastern Washington who will control the recruiting of franchisees in the state.
SNOQUALMIE, WA-The development arm of Puget Sound Energy wins approval to increase the number of residential units and the amount of retail space at a previously approved mixed-use project here on the south side of Snoqualmie Parkway.
PITTSBURGH-The nonprofit Rand Corp. signs on for 59,000 sf or about 55% of the locally based commercial real estate developer's planned six-story office building here at the intersection of Fifth Avenue and Craig Street.
INDIANAPOLIS-Locally based Windrose Medical Properties Trust agrees to pay $69.6 million for five specialty medical properties in five different cities around the country.
BRISBANE, CA-The 210,000-sf office building, which Hitachi USA recently sold to a Southern California-based investment group for about $23 million, is about 55% leased.
PORTLAND-Overall vacancy is expected to end 2003 at 17.8%, up more than 1% from the year-end 2002, but is forecast to fall back to 17% by the end of 2004 thanks to greater absorption and fewer construction completions.