BELLEVUE, WA-The Seattle-based cooperative plans to buy land on the Overlake Hospital Medical Center campus for development of a new specialty center that will house all of its outpatient and ambulatory specialty services, including ambulatory surgery, urgent care and radiology.
HOMESTEAD, PA-The Oak Brook, IL-based retail REIT pays $123.5 million for several properties here on the waterfront, including Market on the Waterfront and Waterfront Town Center.
COLUMBUS, OH-KeyBank Real Estate Capital provides the secured line of credit through a fully underwritten commitment and subsequent syndication. Glimcher Realty Trust is using the majority of the funds to repay outstanding debt on a previous credit facility and maturing bridge loans.
SAN FRANCISCO-The $22-million urban infill project by developer Henry Lambert will add 82 housing units near PacBell Park. Construction is scheduled to begin in the second quarter of 2004.
EVERETT, WA-The Boeing Co. will do its design and development work for the proposed midsize fuel-efficient jet at its existing manufacturing complex here. Much of the manufacturing will occur overseas. The assembly site, which will be in the US, has not yet been announced.
PRAGUE-The London-based investor makes its first major investment acquisition in the Czech Republic, paying $22.9 million (Euro 19.2 million) for a fully-leased 108,000-sf office building here called Burzovni Palac and known as the stock exchange building.
SEATTLE-The high-end clothier, currently located in Rainier Square, has signed a lease for 15,000 sf here on the street level of the Skinner Building. Both Downtown buildings are managed by Unico Properties on behalf of the University of Washington.
SAN JOSE, CA-The semiconductor manufacturer will relocate from about 53,000 sf at Valley Business Park II to 76,000 sf at Rio Robles Technology Center. Both properties are located here and owned by Washington, DC-based CarrAmerica.
INDIANAPOLIS-The Chicago-based REIT acquires two industrial buildings here located in the northwest submarket from TA Associates on behalf of a public pension fund. The sale price is estimated at $11.5 million.
PORTLAND-The publicly traded locally based maker of frozen desserts leases a 19,000-sf warehouse adjacent to its 35,000-sf manufacturing plant in order to increase storage and production capacity.