MCCRORY, AR-Having already consolidated operations into two exponentially larger plants in other cities, the publicly traded greeting card behemoth does not want to sit on the property for too long, if possible.
SAN JUAN ISLAND, WA-The first and only majority-owned and publicly traded Native American company in the US acquires 41 acres on Sportsman Lake on San Juan Island with plans to sell off estate-ready lots and use the proceeds to fund projects benefiting Native Americans.
PORTLAND-Approval of the implementation strategy this week by the Portland Development Commission will prompt PDC staff to prepare a Request for Qualifications for the $150-million project. The RFQ will be issued in mid-September and responses will be due by the end of October.
OAHU, HAWAII-The US Army chooses Actus Lend Lease as its partner for the renovation, replacement and privatization of thousands of units of military housing on Oahu. The 10-year development scope is valued at approximately $1.8 billion; total revenue expected over the 50-year term of the project is $5 billion.
SAN FRANCISCO-Net income for the second quarter of 2003 was $19.3 million, compared to $33.6 million for the same period in 2002. Net income for the six months ended June 30, 2003, was $42.7 million, compared to $65.1 million for the same period in 2002.
SEATTLE-Black Lowe & Graham takes 14,495 sf and Abbott Davis Rothwell Mullin & Earle takes 5,282 sf, taking occupancy at Equity Office Properties' 1.5 million-sf landmark Downtown tower to 76%.
JACKSON, TN-National retailer Kirkland's Inc. signs a letter of intent for a long-term lease of a 771,000-sf distribution facility that will be built to suit the company on 80 acres of land within the Airport Industrial Park in Tennessee's Madison County.
RED DEER, ALBERTA-A joint venture involving Toronto-based Sterling Centrecorp Inc. acquires a 50% interest in Bower Place, a 502,000-sf enclosed regional shopping center in Red Deer, Alberta.
BEAVERTON, OR-The 103,000-sf building is located across the street from a traditional Home Depot. According to plans submitted to the City of Beaverton, Home Depot would fill three-quarters of the building with the Northwest's first Expo Design Center.
NEW DEHLI, INDIA-Heeding its clients' interest in tapping India's English-speaking, highly educated workforce, the international corporate real estate advisor forms an exclusive partnership with a New Dehli-based real estate services company.