PORTLAND-With no other rooms in the pipeline and no planned projects with firm start dates, one local expert says there will be no new supply additions to dampen the effect of a recovery.
PORTLAND-Title records confirm an earlier report that Lehman Bros., which loaned Fowler Flanagan most of the money for its $14-million purchase of the building in 2000, bought back the building at the end of April. The price: $17.8 million.
PORTLAND-Retailer Mario Bisio is relocating his high-end clothing stores here into a single two-story location in Fox Tower. The prime space has been vacant since the 27-story retail and office building was completed two years ago.
KEIZER, OR-The plan, which envisions industrial and sports recreation businesses and retail establishments gained support from Marion and Polk counties and the City of Keizer, but not the City of Salem, the state's capital, which may continue to play the spoiler's role.
WARM SPRINGS, OR-Members of the Confederated Tribes of the Warm Springs vote to build a 113,400-SF casino in the Columbia River Gorge. More than 75% of the 940 voters who turned out favored the casino.
VANCOUVER, WA-Among other things, the Columbia River Economic Development Council supports reducing to 60 days the time it takes to obtain development permits for companies that would bring "significant primary job creation.
PORTLAND-The new assignments, all of which have been newly acquired by Insignia's existing clients, include the 120,000-sf Fremont Place I&II, which recently sold for $17.5 million, and Village East, a 136,000-sf retail development in Salem, Ore.
TUKWILA, WA-The buyer is Washington based Everett Plaza Shopping Center, a general partnership that owns other retail centers located throughout Washington. The seller paid $12.5 million for the property three months ago, according to records provided by First American Title.
PORTLAND-Portland State University's bid to pay $22 million for the 15-story, 305-unit Ione Plaza apartment building fell to second in line this week when its owner, the nonprofit University of Oregon Foundation, selected another buyer.
PORTLAND-A host of important characters in the debate are getting together at the end of May to discuss "when," "where," and "whether or not" Portland legendary urban growth boundary will be moved.