PORTLAND-Since purchasing the 31-year-old, 160,000-sf Downtown office building in 1998 for $9.5 million, Louis Dreyfus has added a floor, replaced the HVAC, replaced the aluminum exterior and generally refurbished and re-tenanted the interior space, which is 98% occupied.
PORTLAND-After more than a year of negotiations, the Port of Portland's board of commissioners is set to vote on a lease and development agreement with Toyota Motor Sales USA that would consolidate and upgrade the company's local operations on 82 acres at Terminal 4.
VANCOUVER, WA-Fox Tower developer Tom Moyer sells most of one of his former theater properties here to Westminster Presbyterian Church for $1 million. Moyer hopes to slice off a portion of the property for a commercial development.
LOS ANGELES-Compared to the second quarter, there were 178 fewer deals announced in July, August, and September in the US market, but aggregate deal value rose by more than $46 billion, according to Mergerstat. In Europe, volume and value fell off sharply.
BEVERLY HILLS-The locally based real estate investment fund management and real estate services firm says it will buy back up to 500,000 shares of the company's stock, about 5% of outstanding shares.
GRESHAM, OR-The Community and Economic Development Department for the City of Gresham creates a "Rapid Response Team" to act as an "internal advocate" for businesses looking to move or expand their facilities.
VANCOUVER, WA-Having submitted proposals prior to the city's deadline, Garfield Traub Development of Dallas and Landmark Organization of Austin are now in the running with Renaissance Resources Group of Chandler, Ariz. and the Port of Vancouver to develop a Downtown hotel and conference center.
PORTLAND-The real estate investment company buys 232,000 sf in five new buildings for $13.5 million, completing a very profitable chain of events for the seller, Panattoni Development, and possibly starting one for Schnitzer.
VANCOUVER, WA-A 6,250-sf former West Coast Bank retail store on a half-acre lot in Downtown Vancouver sells to Polygon Northwest Co. The sellers were West Coast bank, which owned the building, and private investors, which owned the land.
PORTLAND-Umpqua Holdings Corp. receives $70 million in capital financing to fund the cash portion of the previously announced $215-million merger with Centennial Bancorp. The transaction is expected to close in the fourth quarter.