PORTLAND-Under a lease agreement recommended for the Port Commission's approval later this morning, Washington D.C.-based Anton Airfood Inc. would commit to 6,635 sf for 15-years, spend upward of $2 million on tenant improvements and pay rent equal to 8% of the restaurant's annual gross sales.
TACOMA, WA-Eric Cederstrand has been with Colliers since 1998 and has 14 years experience in commercial real estate brokerage. Since relocating from Seattle six years ago, his emphasis has been on the redevelopment of historic properties in Downtown Tacoma.
SEATTLE-Valarie "Val" Tomey leaves her post as senior vice president with Trammell Crow Co. to reconnect with Sage co-founder Jim Norman, with whom she worked in the 1990s at The Norman Company.
SEATTLE-Six years after leaving Mithun to launch their own design studio, Paul Wanzer and Kim Munizza are selling their company to Mithun. Specializing in retail, restaurant and hotel interiors as well as high-productivity workplaces, the pair has done work for REI, Starbucks and Microsoft.
PORTLAND-Expanding from 25,000 sf in another business park, NIR Inc., a maker of golf product displays, takes all of Building D at Southshore Corporate Park, bringing occupancy at the park to 100%.
PORTLAND-The city's urban renewal agency will manage the effort, obtaining the necessary permits and hiring a consultant to help with development of a request for proposals that will be sent out to interested restaurateurs in March.
SEATTLE-A developer would still have five years from Master Use Permit approval to obtain a building permit, but would not have to worry about annual renewals that make the project subject to annual revisions to account for any change in the land use code.
SEATTLE-Net Income for the fourth quarter 2002 was $17.0 million, an 87% increase over net income of $9.1 million in the fourth quarter 2001. Year-end profits jumped even higher, rising 94% from year-end 2001 to $67.6 million.
PORTLAND-Trammell Crow Company, which is developing 50 acres in the Port of Portland's Rivergate Industrial District on behalf of Multi-Employer Property Trust, inks a 402,450-sf deal with the Georgia-Pacific subsidiary for the second phase of the 1.1-million-sf development.
TACOMA, WA-UW Tacoma spent $1.55 million to buy the 12,000-sf Pinkerton building in 2001 and spent another $3 million to transform into the headquarters of its Institute of Technology. A $41-million conversion of five industrial buildings into classroom space is next on the university's Tacoma agenda.