LAS VEGAS-Secured California Investments' Las Vegas property management team will set up shop in the Las Vegas offices of CB Richard Ellis and, in exchange for its oversight and resources, CBRE will get a portion of SCI's management fee.
SAN JOSE, CA-Despite chatter in the brokerage community that the online auctioneer has narrowed its choice for expansion space to Novell's five building, 511,000-sf campus here, eBay spokesman Kevin Pursglove says it's merely one of several options.
BELLEVUE, WA-Opus Northwest is negotiating to acquire and re-start the 1.4-million-sf mixed-use project in Downtown Bellevue. Construction of the estimated $360-million endeavor was halted in August 2002 by its majority owner, Lend Lease Real Estate Investments Inc.
SAN FRANCISCO-Curt Setzer rejoins the real estate investment advisory from Simeon Commercial Properties, where he was a partner. He will have primary management responsibility for the firm's capital transactions group.
SYDNEY-The tenant rep firm Pullinen Property Group of Sydney, Australia hooks up with TCN Worldwide, becoming the first Australia-based company to affiliate with the international real estate services organization.
PITTSBURGH, PA-The Columbus, OH-based real estate firm will develop a six-story building between PNC Park and Heinz Field for Pittsburgh-based Equitable Resources, which will consolidate 450 employees in the building. The deal marks the start of an eventual $200-million, 1.2-million-sf development by Continental.
PORTLAND-The "Risk Mitigation Program" is intended to reward Mexicana for initiating the service and reduce its risk of loss during the first year of its new three-times-weekly passenger service between Portland International Airport and Guadalajara, Mexico.
SEATTLE-The project will convert a warehouse near the city's Major League Baseball stadium into a concert venue and a restaurant and lounge. A Master Use Permit is expected to be issued in May.
OAKLAND, CA-The 195-unit apartment tower on the Lake Merritt waterfront is acquired by a joint venture of The Related Companies of California and the East Bay Asian Local Development Corporation.
ANCHORAGE-The New York City-based firm in the business of owning buildings leased to the federal and state government pays $11.4 million for an 80,900-sf office building here that is 100% leased by the U.S. Dept. of Fish & Wildlife.
