SAN FRANCISCO-In Marcus & Millichap's latest National Retail Index, San Fran chimes in at No. 6, down one spot from last year, while Oakland dropped out of the Top 10 and into the Top 20.
LILLE, FRANCE-The tenant, Exel, a U.K.-based supply chain management operation, is ProLogis' second largest customer, leasing more than 3.5 million sf in 22 facilities worldwide.
PORTLAND-Retailers like Home Depot and Target would likely fill Memorial Coliseum if billionaire Paul Allen's Oregon Arena Corp., owner of the Rose Garden Arena and the Portland Trailblazers, is granted private use of the facility by the City of Portland.
NASHVILLE, TN-The purchase price is believed to be around $53 million. The seller was San Francisco-based Shorenstein Inc. Located in Nashville's Airport North submarket, the building was 98% leased at the time of sale.
NOVA SCOTIA, CANADA-The Cincinnati-based provider of outsourced services to employee- and customer-intensive industries cuts a deal with the Millbrook First Nation Band for the first-ever call center on land controlled by Native Canadians.
PITTSBURG, CA-Oakmont properties VI LLC uses the Fannie Mae DUS loan to acquire a 148-unit class C apartment complex here for $14.6 million. The loan, sourced by PW Funding, carries an interest rate of 5.02%
BANGALORE, INDIA- Some of the multi-national companies Equis is identifying and building sites for in this market include Motorola, Citibank, General Electric, Sun Microsystems, Texas Instruments and Dell.
PORTLAND-The independent hotel company acquires the 84-room RiverPlace Hotel, the 39,000-sf RiverPlace Office Building, the 207-slip RiverPlace Marina, 147 parking spaces and 20,000 sf of retail space for an as yet undisclosed price. The transaction is expected to close in July.
BUCHAREST, ROMANIA-The Highstown, NJ-based real estate services provider wins another partnership in Europe, giving it 30 offices across the continent. The new member, NAI Property Partners provides landlord and tenant representation services in all sectors.
SAN FRANCISCO-Locally based Phillips, Spallas & Fotouhi LLP is relocating its headquarters within Downtown San Francisco, leaving 5,600 sf in 100 The Embarcadero for 15,130 sf on the 10th floor of 650 California Street.