PORTLAND-Staffers for the Portland Development Commission are recommending $12.7-million in urban renewal projects be put on hold in order to offset budget reductions that resulted from a December decision by the Oregon Supreme Court.
RIDGEFIELD, WA-Two companies from Colorado Springs, Colo., are striving to joint venture with local landowner Bob Zimmerly on a would-be $429-million development near Exit 14 off Interstate 5 in the City of Ridgefield.
LAKE OSWEGO, OR-Lloyd Ankeny, a director with the company since 1983 and chairman of its Audit and Compliance Committee since 1994, is a real estate investor and past president of Landmar Development Corp.
SHERWOOD, OR-The State Department of Environmental Quality and the would-be purchaser of a contaminated property here have inked an agreement defining the cleanup and limiting future liability, clearing the way for sale and redevelopment of a portion of the 33-acre site.
HILLSBORO, OR-The publicly traded maker of display systems for applications such as computers and cash machines signed a 10-year, $15-million lease deal late last summer. The class A office building is rising at Birtcher Real Estate Group's 217-acre AmberGlen Business Center.
TUALATIN, OR-One of the nation's largest insurance and financial services companies extends and expands its lease to 7,679 sf in Southcenter III, a 116,000-sf Tualatin office building owned by UBS Realty Advisors on behalf of a pension fund.
PORTLAND-Fred Meyer Inc., acquired by Kroger in 1999, has been hoping to lease more than 100,000 sf of excess space in its headquarters building, located south of Powell Boulevard on Southeast 22nd Ave, but the recession has made it difficult.
SEATTLE-Interurban Exchange, formerly Terry Avenue Technology Court, consists of five buildings all located on Terry Avenue, between Mercer and Harrison streets. The 500,000-sf project is a joint venture between Schnitzer Northwest and Paul Allen's Vulcan Inc.
HILLSBORO, OR-Including a 6,000-sf lease signed last week, the newest class A office development at Birtcher Real Estate Group's AmberGlen Business Center, the 1915 Building, is now 8.5% occupied while its older twin, the 1925 Building, sits 37.65% occupied now that Webridge has given back 48,000 sf.
PORTLAND-The Portland Development Commission this week authorized spending $546,100 for consultants to come up with new economic development strategies for the region, which has some of the highest unemployment in the nation.