SUMNER, WA-The mattress maker will lease 150,000 sf of the building going up at Rainier Park of Industry, a development of Sacramento, CA-based Panattoni Development Co.
MOORESVILLE, NC-On behalf of Corporate Property Associates 15 Inc., W. P. Carey & Co. LLC acquires a 380,000-sf corporate headquarters and manufacturing-warehouse center from Polar Plastics for $15.6 million and then leases it back to the company for 20 years.
PORTLAND-Wright Hotels says it will change its 170-room hotel property across from the Oregon Convention Center from a Holiday Inn to a Red Lion, remodel the existing rooms and begin planning an expansion of at least 200 rooms.
AUSTIN, TX-The Galesi Group of Schenectady, NY hires a brokerage firm to sell the remaining 1,100 acres of developable industrial, multifamily, retail, office and residential land at Harris Branch, its 2,000-acre mixed-use development in Austin.
MENLO PARK, CA-West Coast Realty Investors changes its name to that of its chairman and CEO Alan Meredith, which has made some significant investments in the company as of late and currently holds a 10% stake.
REDWOOD CITY, CA-Check Point Software inks a sublease for a 48,384-sf building here from Oracle Corp., which master leases the building from Peery/Arrillaga, a major property owner in the region.
SARDINIA, ITALY-Starwood Hotels & Resorts Worldwide Inc. agrees to sell Colony Capital LLC four hotels and a 51% interest in 6,000 acres of undeveloped land on the northeastern coast of the Italian island of Sardinia.
TUMWATER, WA-The head of Miller Brewing's Milwaukee-based disposition team tells GlobeSt.com there are a number of entities interested in buying the 72-acre brewery here and his team is in discussions with a few of them.
MAMMOTH LAKES, CA-Earlier this month, Intrawest sold out 48 of 67 condominiums built for the second phase of The Village at Mammoth, a $1-billion resort project just east of Yosemite National Park.
OAKLAND, CA-After repositioning the property and raising occupancy, the joint venture sells the 109-unit Grand Lake Terrace in Oakland's Adams Point district off Lake Merritt to a private family trust for $12.25 million. The property was 94% occupied at the time of sale.
