WINNEPEG, MANITOBA-The Toronto-based REIT and the family that owns CanWest Global Communications Corp. have agreed in principal to each purchase a 50% interest in TD Centre, Winnipeg's premier office tower, and the surrounding vacant land.
OAKLAND, CA-Currently located in Orinda, CA, Terranova Consulting Group leases 8,316 sf at 500 12th Street, a low-rise three-building office and retail development across from the new 555 City Center office tower in Downtown Oakland.
SEATTLE-The private arts college, which is relocating to Downtown, pays $4.6 million for a 42,000-sf mixed-use building at Ninth Avenue and Lenora Street that will serve the school's future growth needs. Cornish last year acquired the 118,000-sf, seven-story office building at 10th and Lenora that will become the school's main building.
BEAVERTON, OR-The global consortium of technology companies leases 12,500 sf in a 90,000-sf office building that anchors a new retail, commercial and residential community in Downtown Beaverton.
SAN FRANCISCO-One of the largest firms that work with troubled real estate and operating businesses sets up shop in Downtown San Francisco to take advantage of what for it is a growth market.
LAKE STEVENS, WA-The sale price was $5.24 million while the assessed value of the building alone is $12.48 million, according to Snohomish County records. The buyer is an investment group affiliated with Bellevue, WA-based Polygon Northwest, which plans to lease out the vacant office building and develop homes on the surrounding land.
TIGARD, OR-It took two years for the Toronto-based financial services organization to land its first Portland property, and now that it's broken in, Sun Life wants to keep the momentum.
CHARLOTTE, NC-Publicly traded Sterling Centrecorp Inc. of Toronto is acquiring a 658,000-sf shopping center in Charlotte for $58.35 per sf. The sale is expected to close later this quarter.
SALT LAKE CITY-Parc Gateway Partners LLC secures $23.4 million from Corus Bank. The 24-month loan will fund 73% of Parc at Gateway, a 12-story condominium building to be built atop an existing retail center near Union Pacific Station in Downtown Salt Lake City.
HENDERSON, NV-Located across from the 1.2-million-sf Galleria Mall, the 379,067-sf Stephanie Street Power Center is Portland-based Harsch Investment Properties' largest acquisition to date and brings the company's Las Vegas regional portfolio to nearly 6 million sf.