PORTLAND-MulvannyG2 Architecture of Bellevue, WA leases two-thirds of the Downtown office building's 12th floor, which has been vacant for more than a year. The lease brings the building's occupancy to 97%.
GREENSBORO, NC-Locally based Tanger Factory Outlet Centers Inc. and an affiliate of New York-based Blackstone Real Estate Adsvisors agrees to acquire 3.3 million sf from Charter Oak Partners of Vienna, VA.
PORTLAND-In partnership with an experienced fund manager, the partners of locally based Norris Beggs & Simpson launch a targeted $30 million private equity fund that will make mezzanine and value-added real estate investments throughout the Pacific Northwest.
SEATTLE-Vacancy rises in the Kent Valley, Pierce County and Eastside markets during the third quarter while dropping in the Seattle and Northend markets.
SAN FRANCISCO-Although a slight decrease in overall vacancy rates during the third quarter is a sign the market has hit bottom, it will be a tenants market for several more years as 13.7 million sf of vacant space is absorbed, according to a just-released third quarter report by Colliers International.
SEATTLE-Falling slowly since the start of the year, overall vacancy (including sublease space) now stands at 16.1%, while direct vacancy, rising slowly since the start of the year, now stands at 13.4%, according to the latest report from Colliers International.
PORTLAND-The 31-acre master-planned project will transform underutilized industrial land into a dense neighborhood of view-rich condominium, apartment and office towers.
SAN MATEO, CA-The real estate private equity partnership secures a little more than $38 million for Park Place at Bay Meadows, which includes a 186,529-sf class A office building, a 62,922-sf Whole Foods-anchored retail center, 19 upscale residential condominiums and a 20,876-sf free-standing health club.
AHMEDABAD, INDIA-The London-based operator of luxury hotels takes over management of three new hotels in India, giving it nine properties in eight cities and making it possibly the country's largest international hotel operator.
MEMPHIS, TN-BGK Group of Santa Fe, NM acquires White Station Tower in East Memphis from Kaufman Realty Group of Atlanta. The anchor tenant of the multi-tenant property is I-bank, a Memphis-area financial institution that keeps its headquarters in the building.