HILLSBORO, OR-In April, the city asked Specht, the high bidder and winner of its Downtown civic center design-build competition, to shave $5 million off its $36.4-million development proposal in order to bring it in line with a budget that was kept secret during the competition for the project in order to promote creativity.
LAKE OSWEGO, OR-The Arizona-based provider of executive suites buys an existing operation at Five Centerpointe and extends its expiring 13,000-sf lease there by 10 years in a deal valued at around $3.5 million.
TUALATIN, OR-Local Panattoni partner Mike Wells tells GlobeSt.com the company paid $3.35 per sf for the 23 acres of raw land here, which is being turned into building ready lots that will be sold off in pieces to owner-users that are already lined up, including Milgard Windows of Tacoma, Wash.
MILWAUKIE, OR-The provider of out-sourced call center services has renewed and expanded its lease at 6542 SE Lake Road from a family trust and leased new space at the Lincoln Business Center from Watumull Properties.
VANCOUVER, WA-The phased project by Rick Ruggiero's Courtesy Development and other investors will include 138 condominiums, a 60,000-sf office building, a restaurant and a private marina with rec building. All but a few of the $700,000 condos in the project's first phase have been reserved.
PORTLAND-Pacific Realty Ventures is developing the three-building complex for its parent company Pacific Santa Fe Corp. and other investors. "There is not a lot of this type of product" near the airport, Pacific Realty's Brad Fowler tells GlobeSt.com.
SAN DIEGO-The master-planned commercial development in La Jolla includes a 217,000 sf class A office building, a 23,000 sf restaurant complex and an 1,181-space underground parking garage.
SEATTLE-The six-story building is planned for the Ballard neighborhood. It includes 7,200 sf of commercial space on the ground floor. The city recently approved designs for the $22-million project. If there are no appeals, a Master Use Permit will be issued in the next several weeks.
PORTLAND-Hoffman, Hart & Wagner will consolidate its space onto consecutive floors and expand its lease to 30,000 sf in a 12-year deal with an estimated full-service value of nearly $9 million, excluding owner concessions.
PORTLAND-Trammell Crow COO John Stirek, overseeing the Portland office while he searches for a new managing director, convinces longtime friend Dirk Otis to return to TCC, just one year after leaving, to take over for Jeff Sackett, who left to join TC's former managing director in launching a new local development company.