PORTLAND-The locally based timber firm, in the process of being acquired for $6.2 billion by an out-of-state competitor, leases eight floors in Portland's tallest office building. How much of that space the combined entity will need is still being figured out.
SAN FRANCISCO-The locally based commercial real estate listing service implemented its main revenue generator in the third quarter of 2001, the "Premium Membership," and by year-end had 8,500 subscribers paying $39.95 per month. Company CEO Richard Boyle predicts profitability in the second half of 2002.
PORTLAND-On Valentine's Day, Hoffman Construction's senior project manager in charge of the $116-million expansion of the Oregon Convention Center will talk shop at a luncheon for the local outpost of Commercial Real Estate Women.
LYNNWOOD, WA-In three phases, Chicago-based General Growth Properties wants to demolish two buildings and develop three new buildings totaling 500,000 sf, according to plans recently filed with the city. Construction would start in 2003.
SAN FRANCISCO-The locally based commercial real estate listing service implemented its main revenue generator in the third quarter of 2001, the "Premium Membership," and by year-end had 8,500 subscribers paying $39.95 per month. Company CEO Richard Boyle predicts profitability in the second half of 2002.
BEAVERTON, OR-The streaming media company has leased one of two 30,000-sf buildings that comprise the development since 1988. In July 2000, after Nike moved out, it master leased the second and subleased part of it to Intel, which bought out the lease last month, clearing the way for nCUBE to relocate its headquarters from California.
SHERWOOD, OR-The regional government Metro wants to expand by thousands of acres the development boundary that surrounds 24 cities in Washington, Multnomah and Clackamas counties. Sherwood city officials, meanwhile, want a break from their city's rapid growth.
SEATTLE-At present, the average vacancy rate here is 5.5%, up from 3.9% at the end of 2000. The additional 0.8 percentage point increase predicted for 2002 is primarily the result of significant new supply entering the market during a period of waning employment growth.
HILLSBORO, OR-Two years after buying 40 acres here, the seller of software for designing computer chips has built a campus that includes two five-story class A office buildings, one of which it doesn't need right away.
PORTLAND-The move doubles availability in Portland's largest office building, which sold in 2000 for $120 million. On the bright side, brokers showing space in the 42-story tower will be able to break for lunch next month at Portland City Grill, a new restaurant opening on the 30th floor.