SPOKANE, WA-Secured by 10 hotel properties, the 10-year loan from Column Financial Inc. has an interest rate of 6.7% and a 25-year amortization. The money will be used to pay down debt.
BEAVERTON, OR-Golf Galaxy is one of several new retailers opening at the former Beaverton Mall, which is undergoing a $35-million renovation and expansion. The property owner is Vancouver, WA-based owner C.E. John Co.
NASHVILLE, TN-An affiliate of Miami-based Savitar Realty Advisors pays $13.9 million for the former Samsonite manufacturing and distribution facility in Murfreesboro, a suburb of Nashville. The building was converted to a multi-tenant distribution center in 1998.
ROSEVILLE, CA-The building is 100% leased. Tenants include Old Republic Title, Northwestern Mutual Life and Nutter Electric. The buyer is GRAM Properties LLC, a San Jose, CA-based investor.
CLEVELAND, OH- Prime Group Realty Trust of Chicago is selling its only asset in Cleveland to an affiliate of its anchor tenant, National City Corp., which is obligated under a contract to purchase the property.
SEATTLE-Company President Mark Raabe tells GlobeSt.com that the two Capitol Hill projects will get under way this summer and the two projects near Seattle Center will get under was in November. The projects' combined cost is $60 million.
PROVIDENCIALES, TURKS & CAICOS ISLANDS-After acquiring the Grace Bay Club for around $12 million last year, a trio of developers are halfway through a $35 million effort to renovate the resort and add an ultra-luxury condo project to the oceanfront property.
OAKLAND, CA-US Air Conditioning Distributors Inc. leases more than half of a 288,000-sf industrial building on Fairway Drive in San Leandro. It will be used for storage and distribution space and administrative and staff offices.
KENT, WA-The property is in The Boeing Co.'s Pacific Gateway Business Park, which is bordered to the west by the Green River. Mario Segale now owns several hundred acres on both sides of the river and is planning a mixed-use development.
BEAVERTON, OR-The lease by Stealth Services Worldwide backfills a portion of the 100,000 sf that will be vacated in July by First Consumer's National Bank, whose parent company, Spiegel, has filed for bankruptcy.
