PORTLAND-As work progresses on its new 80,000-sf building at Southshore Corporate Park, Frito Lay unloads for $1.25 million a 15,000-sf building on 14 acres near the Parkrose Business Center. The buyer, Capital Electric Co., will take over the building after Frito Lay moves into its new facility later this year.
PORTLAND-A day after filing for Chapter 11 bankruptcy protection, work begins to shed as much as one-third of its 2,100 stores and reorganize operations to get back to profitability. In Oregon, the Troy, MI-based retailer operates 18 locations.
PORTLAND-While other markets saw occupancy drop by two or three percentage points during the final three months of the year, occupancy in the greater Portland area fell by only one half of one percent.
PORTLAND-Downtown office vacancies continued to rise in the fourth quarter, according to the latest report from CB Richad Ellis. Class A properties have shown the largest increase in vacancy rate since the end of 2000, according to the report.
PORTLAND-While other markets saw occupancy drop by two or three percentage points during the final three months of the year, occupancy in the greater Portland area fell by only one half of one percent.
HILLSBORO, OR-Goodwill Industries of the Columbia-Willamette paid $3.9 million for the 88,000-sf building on seven acres at 2920 SW 234th Ave. It will be utilized as a new Goodwill Outlet Store and Distribution Center.
PORTLAND-Downtown office vacancies continued to rise in the fourth quarter, according to the latest report from CB Richad Ellis. Class A properties have shown the largest increase in vacancy rate since the end of 2000, according to the report.
WILSONVILLE, OR-Burns Bros. Inc. is seeking approval from the Oregon Department of Environmental Quality regarding its efforts to address petroleum contamination at its 43-acre former truck stop here en route to a strip mall development.
SHERWOOD, OR-The Tualatin-based company hopes to develop with industrial buildings approximately 12 acres of the 33-acre site here and is negotiating a cleanup agreement with the state Department of Environmental Quality.
HILLSBORO, OR-The site would be the southern end of a proposed 15-mile commuter rail line running between Wilsonville and Beaverton. Preliminary timelines for the $85-million project have completion at least 30-35 months away.