LYNNWOOD, WA-The Texas-based owner of the long vacant two-building office development declared bankruptcy in early 2002. After a failed sale to CarrAmerica in November and an unsuccessful auction on Monday (March 3, 2003), it is back in the hands of the lender, Investor Life Insurance Co. of America.
RIDGEFIELD, WA-Developer Greg Specht is in escrow to acquire 40 acres west of Interstate 5 and south of SR 501 and the Port of Ridgefield has acquired 45 acres east of I-5 and west of SR 501. The area is just off the northern edge of the Portland-Vancouver Metropolitan area.
EUGENE, OR-The Seattle-based syndicator of multifamily properties completes a 10-31 exchange by paying $36.5 million for Chase Village Apartments, a 536-unit development located near the University of Oregon's Autzen Stadium and leased primarily by students.
PORTLAND-The bankrupt department store chain's attorney tells GlobeSt.com that the failed department store chain has an agreement with Alamo to sell them all but four of its leaseholds subject to higher offers at auction next week in Portland.
WILSONVILLE, OR-Mastercraft Furniture leases the space in two separate buildings in ProLogis Trust's Wilsonville Corporate Center and Wilbur-Ellis takes space in Greg Specht's Stafford Distribution Center.
SAN FRANCISCO-In the largest lease the CBD has seen in a couple of years, the locally based international law firm Orrick Herrington and Sutcliffe leases the top four floors of a new 10-story Downtown building developed by Wilson Meany Sullivan for Equity Office Properties.
PORTLAND-Lindsay Gordon, most recently Director of Leasing for PacTrust's 380-acre Columbia Tech Center development in Vancouver, Wash., will have overall profit and loss responsibility for TCC's Portland office.
SAN FRANCISCO-In the largest lease the CBD has seen in a couple of years, the locally based international law firm Orrick Herrington and Sutcliffe leases the top four floors of a new 10-story Downtown building developed by Wilson Meany Sullivan for Equity Office Properties.
PORTLAND-The maker of glass curtain wall systems for office buildings is relocating the bulk of its operation from 90,000 sf of industrial space in Northwest Portland to just under 80,000 sf in the 405,000-sf former Tru-Serve Hardware building now known as the I-84 Distribution Center.
SPOKANE, WA-Donald Barbieri, the chairman, president and CEO of WestCoast Hospitality Corp. says he will give up his two most demanding titles. The publicly traded company will conduct a nationwide search for his replacement.
