GRESHAM, OR-Changes are proposed to chapters addressing surface and ground water quality, air quality, parks, recreation, trails, and open space and public facilities and services.
OAKLAND-Wendel, Rosen, Black & Dean LLP renews its lease for 38,200 sf in the Downtown office building and commits to expanding by 9,000 sf in January 2005. The firm has been in the building for more than 10 years.
BARBUDA, WEST INDIES-Traded on the OTC Bulletin Board and formerly known as Caribbean Clubs International Inc., CCI Group Inc. acquires a leasehold interest and purchase option for Palmetto Beach Hotel on the West Indies island of Barbuda.
TACOMA, WA-The complex will be anchored by a 94,500-sf casino, which is on the scale of gambling establishments in Reno. Also on the property will be a hotel, five restaurants, a 3,500-seat performance stage, a man-made lake and a 3,000-car parking complex.
PUERTO RICO-The 428,000-sf office, manufacturing and distribution complex is comprised of six connected buildings. The 60-acre property includes a 17-acre development site. The buyer, Lightstone Real Estate Partners, LLC, plans to re-position the property.
AUSTIN, TX-The high court's decision reverses a 2001 decision by a three-judge panel from San Antonio's 13th Court of Appeals and prevents the heirs of William Warren Chapman from going to trial based on allegations that Mr. Chapman's family members were wrongly denied their claim to 15,500 acres of land at King Ranch in Nueces County.
MOUNTAIN VIEW, CA-KBS Realty Advisors acquires this city's tallest Downtown office building on behalf of the Illinois Teachers Retirement Trust. The 12-story building was 87% leased at the time of sale.
MAUI-Somera Investment Partners LLC of Los Angeles acquires the 570,000-sf regional center from Maui Land & Pineapple Co. and the State of Hawaii Employee Retirement System. The property was built in the early 1970s and underwent a $72-million renovation and expansion in 1994. It was 80% leased at the time of sale.
PORTLAND-A pioneer in the facilitation of tenancy-in-common transactions--where a group of smaller 1031 exchange buyers come together to purchase one larger asset--the four-year-old Portland-based firm is now packaging and distributing its program to brokers across the nation.
RENO, NV-A California-based private investor acquires the building in the Nevada Pacific Industrial Park from Sacramento-based Panattoni Development Company.