PORTLAND-On the heels of nine new restaurants in 18 months and solid earnings growth, company Chairman Bruce Davis says the publicly traded restaurant company now will try for 20 new franchises in the next 36 months.
LAS VEGAS-Casino titan Steve Wynn filed with the SEC today to take his company public in part to help finance Le Reve, his planned Las Vegas mega-resort. Wynn sold Mirage Resorts to MGM Grand for $6.4 billion in 2000.
PORTLAND-The bankruptcy and business law firm signs on for another 10 years on the 14th floor. The value of the long-term lease is estimated at more than $4 million.
TIGARD, OR-Ashmead College is opening its first Oregon campus here. The school signed a 7-year, $2.7 million lease for 18,249 sf at Felton Management's Plaza West Office Building. The 66,200-sf building is now 85% leased.
LOS ANGELES-Locally-based CB Richard Ellis has the disposition assignment. The portfolio consists of 21 net-leased retail properties. All the leases have an initial lease term of 20-years, with the earliest expiration occurring in 2014.
SALEM, OR-The 176,000-sf location is one of three opening over the next year. The home improvement retailer's stock price stood at $47.29 on Thursday, up 50% since September 21, 2001.
THOUSAND OAKS, CA-The 1.1-million-sf development is the only regional mall in its trade area and is 22 miles to the east of Macerich's Pacific View Mall in Ventura, California. In separate news last week, Macerich announced a $1.475 billion agreement to acquire Westcor Realty LP.
KELSO, WA-The stand-alone location is under development at Three Rivers Mall, which is located along Interstate 5 in Kelso, Wash. Pier 1 inked a long-term, $1.7 million lease deal for the location.
PORTLAND-Mercer Human Resource Consulting, a division of Marsh & McLennan Cos., signs a $2.5-million lease deal to remain on the 21,000-sf 14th floor of the 41-story office building for at least another five years.
PORTLAND-Cliff Gibbs, the longtime director of finance for Equitable Real Estate, will oversee service on the firm's three-million-sf third-party management portfolio. Gibbs replaces Carol Ambrose, who last month became head of Portland-area property management for PS Business Parks.