PORTLAND-Intended uses of the incentive funds include a wide variety of expenditures, ranging from infrastructure needs (such as sewer or water extensions), to permit fees, tenant improvements and site acquisition.
SEATTLE-Vacancy in the Puget Sound rose just one-tenth of a percentage point during the second quarter, causing CB Richard Ellis to declare it a sign the market could be stabilizing.
PUEBLA, MEXICO-The three existing storefronts are in Mexico City. The fourth will be a 1,000-sf location east of Mexico City in the town of Puebla. The store will open in September.
PLAINFIELD, IN-Electrolux Home Products, a maker of personal and professional appliances, will utilize the space at 700 Airtech Parkway for warehouse and storage purposes. The lease commences in December.
PORTLAND-Intended uses of the incentive funds include a wide variety of expenditures, ranging from infrastructure needs (such as sewer or water extensions), to permit fees, tenant improvements and site acquisition.
SAN FRANCISCO-The portfolio was made up of five properties in California, Chicago and Atlanta, all held in a joint venture with RREEF and GE Capital. Valued at $47.6 million, the properties sold to three different buyers.
SAN FRANCISCO-A promising first quarter gave way to reality as vacancy, rental rates, absorption and leasing activity all worsened over the second quarter, according to the latest market report from Colliers International.
POUGHKEEPSIE, NY-The borrower, who had a "time of the essence" purchase contract to acquire two multifamily properties within a 60-day timeframe, has closed on a $22-million bridge loan and a $25-million permanent mortgage.
ST. LOUIS-One of the partners in the ownership group bought out the other, according to one of the brokers involved in the transaction, in one of the largest industrial investment deals nationwide in 2003. The 98%-occupied portfolio consists of 14 distribution centers located throughout the Eastern United States.
SEATTLE-The overall Puget Sound vacancy rate for the first half of 2003 is 7.5%, unchanged from the second half of 2002; however, it is one of the highest vacancy rates on record, according to a mid-year report by CB Richard Ellis.