PORTLAND-Portland's City Council is endorsing a plan to shrink Southwest Naito Parkway to two lanes, remove several Westside Ross Island bridge ramps and thereby open up several parcels for new development.
GRESHAM, OR-Under a proposal that was pulled from the agenda this week for softening, a 25,000-sf building in the Southshore Industrial Park would be hit with an $85,000 transportation impact fee.
OREGON CITY, OR-Private investors, including golf pro and co-course designer Peter Jacobsen, put up $5 million of the $6.5 million development cost. Jacobsen designed the course with business partner Jim Hardy.
LAFAYETTE, CA-The financing consists of a five-year loan, bearing interest at a floating rate of a trailing one-year treasury plus 260 basis points. The loan is secured by a property located in Orillia, WA.
VANCOUVER, WA-An existing proposal addresses design requirements related to the visual impact of towers and suggests a new review process that would make siting harder in residential areas and easier in industrial areas.
WOODBURN, OR-With vacancy at just over 2%, owners of the 245,000-sf, 68-store Woodburn Outlet mall are gearing up for a 21-store, 72,632-sf expansion that would make it by far the largest outlet center in the state with still more room to grow.
LOS ANGELES-The international brokerage and management firm will continue operating as CB Richard Ellis, but shares of the company, which closed trading at $15.99 today on volume of 40,000 shares, will no longer be listed on the New York Stock Exchange.
PORTLAND-The 16-story, 228,714-sf building in the heart of downtown Portland is owned by New Jersey-based Prudential Real Estate Investors. Ron Brenner, who managed the building for Transwestern, will continue on with Cushman & Wakefield.
CANBY, OR-Canby Grove Apartments is approved for 4.47 acres in exchange for the permanent public use of a private park. The developer is Salem, OR-based Mountain West Investment Corp. The landowner is Melvin Beck.
FAIRVIEW, OR-The Portland developer gives the county space for under $8 per sf to secure the public library that will further its increasingly successful amalgamation of urban convenience and suburban geography on 95-acres 15 miles east of downtown Portland, at the gateway to the Columbia Gorge.