HILLSBORO, OR--Relocating from Beaverton, the light industrial manufacturer inks a seven-year, 17,346-sf lease at West Union Business Park here. Pacific NW Properties owns the development as well as the one Glass Tech is vacating, Arctic Business Center in Beaverton.
PARIS-The hotel is on the Champs Elysies. The buyer is Hamburg-based Deutsche Immobilien Fonds AG. Strategic Hotel Capital retains the leasehold, which is subject to a long-term management agreement with Marriott International.
PLYMOUTH MEETING, PA-In its largest deal to date, Kramont Realty Trust acquires 849,420 sf in six retail properties. The neighborhood shopping center REIT acquires 100% of two properties and 20% of the other four in a joint venture with Tower Fund.
SEATTLE-With its winning bid approved last week by the Bankruptcy Court, Seattle-based Emeritus Assisted Living says it will close on its acquisition in the fourth quarter, when Alterra is expected to complete its restructuring and emerge from Chapter 11 bankruptcy proceedings.
SACRAMENTO, CA-Sales prices have risen but rent growth has slowed, meaning lower returns for investors, according to the latest market report by Marcus & Millichap Investment Brokerage.
SINGAPORE-Asia Pacific real estate executives from a broad spectrum of industries are focused on reducing their real estate costs, according to Jones Lang LaSalle's first Corporate Real Estate Impact Survey.
PORTLAND-In a seemingly uncharacteristic move, the owners of City Center Parking and Downtown Development Group acquire a 53,579-sf grocery-anchored retail center in the suburbs for $8.5 million.
CHATTANOOGA, TN-Located in Fayetteville, NC, and the Virginia cities of Lynchburg, Colonial Heights and Roanoke, the malls comprise 3.25 million sf that is currently 90.9% occupied. CBL expects the properties to generate an initial yield of 8.56% based upon current income.
SEATTLE-One of the brokers in the transaction tells GlobeSt.com that the tenant came along right as the building owner was acquiring the building, which was mostly vacant and now is full.
SAN FRANCISCO-The three biggest deals include a new 33,000-sf, 10-year lease by United Way of the Bay Area, a 21,255-sf, 11-year renewal and expansion lease by Triage Consulting and a 21,462-sf, seven-year renewal by the engineering firm URS.
