PORTLAND-The entertainment company out of Ontario, Canada, has signed agreements to acquire the operations of Multnomah Greyhound Park and to operate the Portland Meadows thoroughbred racetrack while developer Tom Moyer decided on a redevelopment plan.
MODESTO, CA-Lexington Corporate Properties Trust property is net-leasing the 146,000-sf builidng to Crown, Cork and Seal Inc., which is subleasing to PACCAN, Inc. The new lease, at a higher rate, commences September 26, 2001, when the current lease ends.
PORTLAND-Absorption was a solid 600,000 sf in the second quarter and overall vacancy rose only one tenth of a point to 7.9% because most developers stuck with built-to-suit contracts. History says things will get worse, however.
VANCOUVER, WA-The 33,600-sf office building, 40% preleased to one tenant, is part of a 24-acre commercial development at the intersection of 34th Street and 192nd Avenue in East Vancouver that will eventually include a 110,000-square-foot, grocery-anchored shopping center.
PORTLAND-Renowned rainmakers Mike Holzgang and Gordon King will now be leading a hand-picked, five-person team at Colliers International. At Cushman & Wakefield, the duo averaged about 850,000 sf of lease transactions annually.
PORTLAND, OR-Negative overall net absorption in the second quarter pushed the overall vacancy rate to 9.8%, the highest its been since the infamous early 90's, reports the Portland office of Grubb & Ellis.
PORTLAND, OR-Negative overall net absorption in the second quarter pushed the overall vacancy rate to 9.8%, the highest its been since the infamous early 90's, reports the Portland office of Grubb & Ellis.
LAKE OSWEGO, OR-The just-completed, 80,000-sf office building is the second of a two-building, 198,000 sf development in the Kruse Way Corridor at the Interstate 5-Highway 217 interchange. 6000 Meadows, completed last year, is 96% leased.
PORTLAND-A new program authorizes the city to issue up to $25 million in tax exempt bonds to finance moderate-income rental housing that may ultimately generate income for more low-income housing.
EUGENE, OR-To settle a lawsuit and avoid a potentially higher damage award, the city of Eugene will pay a Portland area businessman $1.2 million in damages plus $2.75 million to buy land the city allegedly blocked him from developing several years ago.