HONOLULU, HI-The 36-year-old, 406-unit Sunset Villa Apartments in the City of Waipahu is sold to The Bascom Group of Irvine, Calif., a private equity fund in search of more Hawaii apartments to purchase.
OAKLAND, CA-The 12-year, $18-million lease pushes occupancy in the 487,000-sf office building over 50% for the first time since its completion last year. The building is owned in part by San Francisco-based Shorenstein Co., which also manages the building.
OAKLAND, CA-The reorganizing Kaiser Aluminum Corp. on Friday closes the previously announced sale of the 753,000-sf Kaiser Center office complex to Summit Commercial Properties for the gross cash purchase price of $65.5 million.
PORTLAND-On the industrial side, Colliers brokers Paul Breuer and Jeff Brooks win for the $185-million sale of the Fujitsu chip fabrication plant in Gresham, Ore. On the office side, Colliers' Gordon King, Mike Holzgang and Brad Christiansen win for their work with Liberty Northwest Insurance.
PORTLAND-After reanalyzing its original plans for the 80,000-sf warehouse on the east bank of the Willamette River and finding them too costly, the Portland Development Commission has come up with a more modest plan.
RENTON, WA-The Boeing Co. is consolidating operations at its 280-acre Renton airplane manufacturing plant. The move will create as much as 75 acres of surplus property for redevelopment. The City of Renton is working on an EIS that will be used to consider related zoning changes.
KIRKLAND, WA-The marketer of cellular service tells GlobeSt.com it has "pretty much wrapped up" its search for some 36 new store locations in 31 states as it seeks to tap into the high end consumer market.
PORTLAND-The Portland Development Commission approved Wednesday a nearly three-fold increase in its lease commitment at Parkside Business Center, an office building located adjacent PDC's Downtown headquarters at the south end of Fourth Avenue.
PORTLAND-Harsch Investment refinances Riviera Plaza, the 158,000-sf Downtown Portland office building it acquired in October 2002 for $21.9 million. Salomon Brothers provided permanent fixed-rate financing in the amount of $16.85 million.
KIRKLAND, WA-The marketer of cellular service tells GlobeSt.com it has "pretty much wrapped up" its search for some 36 new store locations in 31 states as it seeks to tap into the high end consumer market.