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.
SEATTLE-The acquisition from Credit Suisse First Boston increases Shurgard Storage Centers' ownership of Shurgard Europe to more than 60%. Shurgard also announces it is acquiring a 16-property storage chain in Minnesota for 3.05 million shares of common stock.
TUALATIN, OR-Portland General Electric occupies a total of 29,000 sf at Southcenter, making the company the second largest tenant at the 10-building, 342,000-sf Tualatin business park owned by UBS Realty Investors LLC.
BELLEVUE, WA-American Express Financial Advisors Inc. leases space on the first floor of the three-story, 50,000-sf building adjacent to Microsoft's Redmond, Wash. campus. Owned by Metzler North America, the building was completed in 2002 and is now 57% leased.
PORTLAND-After nearly 30 years as an industrial broker for CB Richard Ellis, Duyn tells GlobeSt.com he needed to be reinvigorated and that the economy provided the opportunity to look at other alternatives.
SEATTLE- The condominium project by Canada-based Intracorp is located near University Village shopping center. The first phase was 45 units in a four-story building. The second phase will add a second four-story building containing 61 units and additional ground-level retail space.
PORTLAND-The $60-million apartment project, scheduled to get underway in the next several weeks, will complete Gerding/Edlen Development Co.'s massive redevelopment of the former Blitz-Weinhard Brewery property on the Northwest edge of Downtown Portland.
LAKE OSWEGO, OR-After holding it for 10 years, the Ventura County Employee Retirement Association sells Oswego Village, an 86,600-sf grocery-anchored strip center, for $12.3 million.
PORTLAND-Ramona Harrington resigned from Cushman & Wakefield last week after 15 years with the firm and launched her own business, Oregon Commercial Properties, whereby she will continue to lease and sell properties for clients in the Downtown market, including OHSU and Portland State University.
PORTLAND-The $5-million acquisition includes a 43,000-sf building and an adjacent parking lot that can in future years be developed. Meredith Corp. sold the building to the nonprofit for about $1 million less than its assessed value; the difference is considered a tax deductible contribution.
