PORTLAND-Citing studies that found its redevelopment unfeasible, the Port Commission this week will consider selling its 15-acre Terminal 1 facility to the City of Portland, which will use the site to stage its combined sewer overflow tunnel project.
KANSAS CITY, MO-The Kansas City-based entertainment properties REIT forks over $29.5 million for two movie theaters, a 24-screen property in Tampa, FL and a 12-screen property in Lawrence, KS.
HUNGARY-A new "Emerging Europe" report by Cushman & Wakefield ranks Hungary, the Czech Republic and Poland as the best performing countries set to join the European Union in coming years.
RICHLAND, WA-The seller of the Washington Plaza Shopping Center in Richland is P.O'B Montgomery out of Dallas. The buyer is Bellevue, WA-based investor and brokerage company owner Bob Wallace.
SEATTLE-The 27-unit Hillcrest Apartments and the 19-unit Cornell Apartments land a combined $3.09 million in financing at an interest rate of 5.34%. The properties are outperforming the market in terms of occupancy.
PORTLAND-Multnomah County recently sold the 95, 582-sf Ford Building at Southeast 11th Avenue and Division Street for $2.1 million and is preparing a request for offers for the Morrison Building, a 38,000-sf building at Southeast 21st and Morrison Street.
OAKLAND, CA-The Oakland-based Hotel Employees & Restaurant Employees International Union Local 2850 questions related party transactions at La Quinta, CA-based KSL Recreation, a company with which it is in labor negotiations.
SAN JUAN, PUERTO RICO-Construction will begin this fall on the 416-room resort on Puerto Rico's Rio Grande, 25 miles east of San Juan. Fairmont, which will have the management assignment, says it will invest $9.5 million in the project.
PORTLAND-The publicly traded hotelier cuts a 10-year management deal with publicly traded Grill Concepts, which will be paid to manage a Daily Grill brand restaurant in hotel's 3,700-sf space later this summer, replacing Oritalia.
BERLIN-A property manager in Paris for 30 years, Levet has held increasingly important roles within the Federation. Most recently, from 1998-2000, he was Treasurer of the Federation.
