SEATTLE-Davis Property and Investment buys Fisher Commerce Center from Fisher Properties Inc., a subsidiary of publicly traded Fisher Communications, which has been selling off its property portfolio to focus on its core business and pay down debt.
GRESHAM, OR-Developer Opus Northwest has four buildings under development at the 54-acre business park, including two build-to-suit industrial buildings and two speculative flex buildings. The two build-to-suit facilities will total just over 100,000 sf and the two speculative buildings will total about 70,000 sf.
GRESHAM, OR-A conceptual two-building development plan for an underdeveloped four-acre site here at the intersection of Stark and Burnside will be presented to elected officials and the general public this week.
SAN FRANCISCO-AMB's forecasts 43 million sf of positive net absorption in the U.S. for fourth quarter 2002, and then 1 million sf in the first quarter of 2003. In the third quarter of 2002, ended Sept. 30, Torto Wheaton Research reported 14.3 million sf of positive net absorption. The previous six quarters were negative.
PORTLAND-The 35,442-sf lease by the credit reporting unit of the publicly traded title giant, which does a lot of business with Opus, brings the suburban class A office building to 65% occupancy. The building was delivered in January of last year.
PORTLAND-The Governor and the Mayor will be at the Port of Portland's Terminal 4 Thursday morning to celebrate the start of the $60-million lease and development deal that helps Portland maintain its standing as having the West Coast's largest volume automobile-handling port.<P>
SEATTLE-Jim Weymouth tells GlobeSt.com he expects as many as 260 nights of activity around his would-be 250-room hotel, which is slated for the northeast corner of 1st Avenue South and Royal Brougham Way, adjacent two new major league sports stadiums and a brand new exhibition hall.
PORTLAND-Developer Roy Kim has retained Holliday Fenoglio Fowler to identify a joint venture partner for a 554-unit, luxury multifamily complex on 14 acres within Kim's 138-acre Bethany Village development.
TUALATIN, OR-Milgard Windows of Tacoma pays $3.7-million for 13 acres and Lay-Z-Boy inks a temporary ground lease that allows it to start construction while the final details of its 3.5-acre purchase go through. Both parcels are within Panattoni Development's 23-acre Tualatin Sherwood Corporate Center.
PORTLAND-ProLogis is developing the building for Bunzl/Papercraft at its Jennifer Distribution Center located on Highway 212, east of Interstate 205 in Clackamas. Bunzel/Papercraft is consolidating its operations from two other locations in the region.