BELLEVUE, WA-Stalled for the past 14 months, the $360-million, 1.4-million-sf mixed-use development is about to restart now that Bellevue-based Kemper Development Company has completed its acquisition of the project, which is located across from Kemper's two existing Downtown investments, the 1.3-million-sf Bellevue Square mall, and the 500,000-sf Bellevue Place office and retail development.
ROSEVILLE, CA-The first phase of the 600,000-sf, 10-building class A office development will be a two-story, 55,000-sf building slated for shell completion at the end of 2003.
SYDNEY-Lend Lease Corporation Ltd. and the Australian telecommunications company Telstra sell their interest in IBM Global Services Australia Ltd. to IBM Australia Ltd., giving IBM full control of its Australian IT and consulting services business.
CHATTANOOGA, TN-CBL recently sold 4.6 million depository shares, raising $115 million to partially finance its $340-million acquisition of four regional shopping malls, with any remainder to be used for general corporate purposes.
CONCORD, CA-Acquired quietly last month from Pacific Coast Capital Partners, the 359,172-sf, 15-story class A office tower built in 1986 was 94% leased at the time of sale.
SEATTLE-Fox Sports and B&B Restaurant Ventures of Westlake Village, CA will open a large-format sports bar at Sixth Avenue and Pine Street Downtown later this fall. The duo is spending $1 million to build out the basement space.
OSAKA, JAPAN-A real estate private equity fund managed by investment bank Morgan Stanley acquires the Hotel Il Monte in Osaka from GMAC Commercial Holding Asia for an undisclosed sum.
PORTLAND-The locally based multimedia holding company renews its 10,000-sf lease at Pioneer Tower, the 16-story office portion of The Rouse Co.'s office, retail and entertainment complex Downtown.