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.
SEATTLE-Comparing the first half of 2003 to the first half of 2002: same-store NOI decreased 0.4% to $77.5 million; diluted FFO per share increased 4.8% to $1.31; and net income decreased 10.6% to $24.6 million.
OAKLAND-Simeon Commercial Properties acquires the Metroport Development Project from the Port of Oakland for approximately $15 million. Originally slated for one million sf of office, Simeon now plans to develop 275,000 sf of retail.
PORTLAND-The $56-million Elizabeth Lofts by Pearl District developer John Carroll will rise 16 floors and have 12,000 sf of retail space, 210 parking spaces and a single-story restaurant pavilion fronting a public plaza.
DIAMONDHEAD, MS-Through its wholly owned subsidiary Casino World Inc., Diamondhead Casino Corp. of Madeira Beach, FL intends to develop a destination casino resort at its 404-acre site on the Bay of St. Louis in Diamondhead.
DIAMONDHEAD, MS-Through its wholly owned subsidiary Casino World Inc., Diamondhead Casino Corp. of Madeira Beach, FL intends to develop a destination casino resort at its 404-acre site on the Bay of St. Louis in Diamondhead.
SAN FRANCISCO-A partnership of Oxford Lodging Advisory & Investment Group LLC and one of the Goldman Sachs-sponsored Whitehall Street Real Estate funds acquires the Pan Pacific San Francisco and announces plans for a $4-million upgrade.
MILPITAS, CA-In its first Northern California acquisition, the Arlington-based mall developer and operator acquires the 1.3-million-sf mall in Milpitas with plans to renovate the property and give it the 'Mills' brand. The publicly traded company has three other California properties, all in the greater Los Angeles area.
SAN MATEO, CA-The San Mateo-based REIT completes its transformation into an office-focused operation, selling its 1.3-million-sf industrial portfolio in Denver and using the proceeds to acquire a 271,980-sf, class A office building in Downtown Boston.
SEATTLE-The seller, Pendleton Flour Mills, will continue to lease space in a portion of the 90,000-sf warehouse on the site along with Puratos, a provider of products and services to bakers, pastry-chefs and chocolatiers, until the county decides whether to use the site as a solid waste transfer site.