TIGARD, OR-The in-house team at Wyse Investment Services Company raises $5.7 million in three and a half weeks to purchase the 86,676-sf class A office property here, which sold for $12.7 million. The team recruited capital from 21 investors, principally local.
PORTLAND-The full-block apartment project will include 139-units on five floors and 9,000 sf of ground-floor retail space. The development is one of three Hoyt Street Porperties is undertaking this year on the 34-acre former rail yards near Union Station.
PORTLAND-The financing of 3.3 acres north of the Marquam Bridge would help pay for the cost of extending the streetcar from Portland State University into RiverPlace. Larry Brown, development manager for the city's urban renewal agency, tells globest.com the move could more than double the value of the parcels.
SEATTLE-A partnership of The Union Group and David Hoy of HMI Inc. is developing Broadway Plaza, a 57-unit upscale apartment building with 11,000 sf of ground-floor retail space that will anchor the north end of Capitol Hill's bustling Broadway commercial district.
SALEM, OR-The state says it wasn't getting what it asked for and so fired McCarthy Building Cos., the nation's largest builder. McCarthy says the state couldn't make up its mind, breached the contract and intentionally interfered with their performance throughout the course of the $14-million project.
SPRINGFIELD, OR-The development, slated for 160 acres adjacent the McKenzie River, will include a 1-million-sf, $350-million hospital, several office buildings and housing for 800. PeaceHealth also plans to renovate 600,000 sf at its existing Hilyard Campus in the neighboring City of Eugene, where there's room to add up to 400,000 sf of medical and research facilities.
SEATTLE-The 47-unit condominium development will rise on the east side of 19th Avenue at Denny Way. Val Thomas Inc. paid $1.25 million for the land and is in the midst of spending another $8.2 million to develop it.
TUALATIN, OR-Local Panattoni Partner Mike Wells tells GlobeSt.com grading is underway and buyers are lined up to purchase all of the building-ready lots that are being created. It is the first phase of a planned 500,000-sf corporate center.
BEAVERTON, OR-Leasing broker Buzz Ellis tells GlobeSt.com that an LOI has been signed for 13,000 sf on the first floor of the 106,000-sf building, for which the last concrete panel was hung yesterday (Monday, Aug. 5).
WOODBURN, OR-The buying group, JLR LLC, includes Larry Bruce, owner of Silverton, Ore.-based Bruce Packing Co., which will apparently be leasing all or part of the purchased property. The deal included 80 acres of agricultural land and a 75-acre food processing plant containing several industrial buildings totaling 390,000 sf.