SYDNEY, AUSTRALIA-Concurrent with the company's announcement of a major retrenchment, Jill Ker Conway steps down as chairman and director after 11 years with the company and non-executive director David Crawford is appointed interim chairman.
SACRAMENTO, CA-The sale includes two new luxury properties located on adjacent parcels in North Natomas, a suburb of Sacramento. The seller was a joint venture of Fairfield Development and GE Capital. The buyer was a private family in a 10-31 Exchange.
EL PASO, TX-Following the lease up of a two million-sf business park here, Santa Teresa Limited Partnership and Santa Teresa Real Estate Development Company open two new industrial parks, one of which is located directly on the Mexico border.
DAVENPORT, IOWA-The 90,000-sf building is the first multi-tenant development in Downtown Davenport in more than 20 years. The $14.3-million project will open in May 2004. It is currently about 70% pre-leased.
PORTLAND-The San Francisco-based financial services firm renews its lease for the fifth floor of the massive class B office building in Northwest Portland while at the same time preparing to vacate a smaller space on the eighth floor. Wells Fargo occupies about 165,000 sf in the U-shaped 790,000-sf structure.
BELLEVUE, WA-Michael O'Brien of Mercer Island is in talks with the City of Bellevue to acquire the 10.74-acre parcel at Main Street and 116th Avenue Southeast that holds Bellevue City Hall, the Leavitt Building and the Police Annex for $24.69 million.
NEW DELHI, INDIA-The international commercial real estate services provider adds a partner firm in New Delhi in an effort to improve service for existing and potential clients operating in the Asian market.
SAN JOSE-RBS Greenwich Capital funds a $20.9-million loan for a 100,000-sf Asian-themed center in San Jose and GE Asset Management funds two loans totaling $11.8 million for a retail property in Santa Clara that has apartment units above it.
PORTLAND, OR-The operator of local restaurants, bars and nightclubs takes on the largest public assembly space in Old Town with plans for a restaurant, bar and nightclub that will have an island theme similar to that of its most recent tenant, Banana Joe's.
SEATTLE-The project will result in a 42-story office tower for Washington Mutual and a 12-story building for the Seattle Art Museum that will be connected to its existing museum building. Construction is expected to begin in early 2004 and end in 2006.
