SPOKANE, WA-The 76-acre parcel stretches 1.3 miles along the bank of the Spokane River, with the eastern third located directly across from Downtown Spokane and slated for a combination of commercial uses. The cost of the development is being estimated in the hundreds of millions of dollars.
BEAVERTON, OR-Equity Office Properties lets Credence Systems buy out the remaining term on its lease of 9525 and 9595 S.W. Gemini Dr. and cuts a 64,700-sf deal with Unicru, which will relocate to the building from 45,000 sf at nearby Nimbus Oaks.
NEW ORLEANS, LA-CNL Hospitality Corp. of Orlando pays $44.8 million in cash and assumes $46.7 million in debt for the former Le Meridien hotel. The property has been re-branded as a J.W. Marriott, Marriott International's luxury brand, and $10 million in upgrades are planned.
LAKE OSWEGO, OR-The Providence, RI-based commercial finance company negotiates with Equity Office Properties to cut itself loose from 11,000 sf of unwanted office space and extend its commitment for the remaining 27,275 sf back up to seven years.
HAYWARD, CA-A dental supply operation acquires a warehouse building in Equity Office Properties' Huntwood Business Park and GES Exposition Services Inc. leases 69,438 sf at EOP's Bay Center Distribution Center.
CINCINNATI, OH-In a joint venture with the landowners, Dallas-based Koll Development plans to develop a corporate park on the 100-acre Kingswood Golf Course along Interstate 71 in Deerfield Township.
SAN FRANCISCO-The 10-story building at 550 Kearny St. in San Francisco's North Financial District is 98% leased. The seller was the Cahill Family, of Cahill Construction. The buyer is Bay Pacific Corp., an undisclosed Bay Area family trust.
CINCINNATI, OH-In a joint venture with the landowners, Dallas-based Koll Development plans to develop a corporate park on the 100-acre Kingswood Golf Course along Interstate 71 in Deerfield Township.
EVERETT, WA-The supplier of systems and services to the aerospace industry hires Colliers International to find a buyer for the excess two-story tilt-up that sits on 7.57 acres within the Paine Field Airport. The asking price for the vacant building is $57.39 per sf.
FRANKLIN, OH-The company sells and leases back a 74,225-sf facility in Franklin as well as a 36,500-sf facility in Birmingham, AL. The total value of the transactions is approximately $7 million.
