PORTLAND-The 74,234-sf lease, up from 65,000 sf, is reportedly signed at a full-service annual lease rate of between $22- and $23 per sf, making the five-year deal worth more than $8.3 million, not including owner concessions.
WILSONVILLE, OR-WCM acquires the 138,432-sf building at 27708 S.W. Parkway from Gerding Edlen Development Co. as part of the agreement wherein GED developed the building and negotiated a long-term lease to InFocus for the firm's corporate headquarters before selling it to WCM.
SHERWOOD, OR-A "prospective purchaser agreement" with the state Department of Environmental Quality gives Tualatin-based Pacific III LLC three years to perform the estimated $450,000 clean up, but it is only expected to take four months.
VANCOUVER, WA-The regional developer reduces its plans for a speculative office building on the Columbia River from 21,000 sf to 12,000 sf in response to current market conditions.
SEATTLE-King County Property Services leases 47,000 sf from publicly traded Regus business centers, which master leases four floors in the building, and continues negotiating for another 20,000 sf that will be leased directly from the building owner, Equity Office Properties.
PORTLAND-The Portland-based firm that recently acquired One Embassy Centre for a group of clients is moving its offices from one end of Downtown to the other as its business continues to grow.
PORTLAND-The Portland Development Commission engages Emmons Architects to develop a revitalization strategy for underutilized properties within two blocks of Southwest Naito Parkway between Market and Glisan streets.
PORTLAND-Neither side is talking, but those in the know say publicly traded CoStar Group is days away from acquiring Scott Napier's Portland-based commercial property database service and will take it to the next level, which could spell the demise of a fledgling, competing local product by the Commercial Association of Realtors.
VANCOUVER, WA-Renaissance Resources Group of Arizona last week lost its right to exclusive negotiations with the Vancouver Public Facilities District for a convention center hotel, but is now expected to compete for the opportunity by filing a financial proposal with the Vancouver Public Facilities District prior to the Oct. 2 deadline.
PORTLAND-Russell, owner of Russell Development Co., replaces Marty Brantley who served as Chair since 1998. Russell also is a member of the Oregon Transportation Commission, the Mayor's Business Roundtable and the Portland Business Alliance (formerly known as the Association for Portland Progress).