GRESHAM, OR-Portland-based real estate investor Barry Menashe buys the College Square Shopping Center here from Watumull Properties of Honolulu for $6.3 million. Anchored by Bi-Mart, the property is 80% leased.
SAN FRANCISCO-Forest City Enterprises and Westfield America last week kicked off construction of Westfield San Francisco Centre, a 1.5-million-sf retail center development that will combine the landmark Emporium Building and the existing San Francisco Shopping Centre into a combined venue in the heart of the city's retail district.
CITRUS HEIGHTS, CA-The Southern California-based Red Mountain Retail Group Inc. acquires the 75%-leased Copperwood Shopping Center here from the San Jose Police & Fire Pension Fund for more than $12 million.
MAUI-The Bethesda, MD-based hotel company acquires the 806-room Hyatt Regency Maui Resort and Spa located on 37 acres of fee simple oceanfront property on Kaanapali Beach.
SEATTLE-Combining cash with another $26.5 million of its $150-million Fannie Mae credit facility, the Seattle-based apartment investor acquires three properties in San Antonio, TX that have a combined 800 units in San Antonio, TX.
PORTLAND, OR-The Port of Portland Commission this week agrees to sell a 2.82-acre property holding a 54,000-sf warehouse to Emerson Hardware Co., which owns the neighboring property and has been looking for room to expand.
RALEIGH, NC-The public REIT based in Indianapolis buys the 250,200-sf Centerview Office Park and 22 aces of developable land here from the JP Morgan Fleming-managed Strategic Property Fund. The sale price is believed to have been between $24 million and $25 million.
LEBANON, IN-The former Parker Hannifin facility here is under contract to a confidential buyer according to the broker representing the seller. The sale of the facility is expected to close by the end of the year.
BALI-A joint venture of the Italian jeweler and the global hotelier are planning their second hotel, a five-star luxury resort here that is scheduled to open mid 2005.
SAN FRANCISCO-The San Francisco board of supervisors endorses the development of a 24-story, 440,000-sf office development to house city staff that will include underground parking, a public art plaza, a child-care center, ground-floor retail and public open space as well as 400 units of affordable housing.