KAHULUI, MAUI-Alexander & Baldwin's Inc.'s A&B Properties subsidiary collects $9.2 million for a seven-acre property here, located across from a 20-acre shopping center. The buyer plans to redevelop the property.
BEAVERTON, OR-Relocating from about 6,500 sf at PacTrust's Evergreen Business Park in Hillsboro, the insurer will occupy about 8,000 sf at AmberGlen initially and plans to take down another 8,000 sf in the coming months.
OAKLAND, CA-San Francisco-based Bridge Housing Corp. obtains $30 million in financing for development of Mandela Gateway, which will consist of 168 units of affordable housing over 10,000 sf of retail located about six blocks from the port of Oakland.
SEATTLE-As the first quarter comes to a close, overall office vacancy in the Greater Seattle region stands at 16.74% while Downtown Seattle vacancy is 16.14% and Eastside vacancy is 16.81%, according to a new report from the local offices of CB Richard Ellis.
PITTSBURG, CA-PW Funding funded the loan under Fannie Mae's DUS program. The loan has a 5.10% interest rate, debt service coverage of 1.38x and a loan to value of 78%.
GRESHAM, OR-Opus Northwest delivered Winco Foods' 55,000-sf building this month and in coming months will deliver Teeny Foods' 45,000-sf facility and two speculative buildings totaling 67,000 sf. This completes the development of 30 acres Opus took down two and a half years ago.
TACOMA, WA-Portland, OR-based Williams & Dame and Danville, CA-based Nearon Enterprises each outlined their mixed-use proposals this week for the Foss Waterway Development Authority's Urban Design Review Committee. The development authority is expected to choose a developer on May 6.
SHANGHAI, CHINA-The 722-room hotel will open in the second quarter of 2005 on Nanjing Road in the middle of the city's shopping, leisure and commercial precinct. The developer, Shanghai Shi Mao International Plaza Co. Ltd. has chosen Le Miridien Hotels & Resorts to manage the property.
MOUNTAIN VIEW, CA-The fabless semiconductor company signs a 10-year, $26.8-million lease that will move its headquarters and 400 employees from Sunnyvale to Shoreline Technology Park in Mountain View.
BRENTWOOD, CA-California Pacific Federal Credit Union pays $2 million for a 12,096-sf building at Sand Creek Business Center in Brentwood, Calif. The credit union will use the facility for a branch office.