PORTLAND-Williams Communications, a major fiber-optic player based in Tulsa, OK and Centennial Real Estate Corp., a Dallas-based real estate investment company, are each planning to develop a telecom facility in Northwest Portland.
PORTLAND-Five light rail stations are planned near the intersections with Lombard Street, Portland Boulevard, Killingsworth Street, Prescott Street and Overlook Boulevard. Four public meetings to be held before February will examine the opportunities and constraints for commercial development surrounding each site.
PORTLAND-Initial rental rates are slated to be under $30 per sf for lower floors in the building, which listing agent Joe Vaughan of Norris Beggs & Simpson says should draw potential tenants from more expensive West Coast markets like Seattle and the San Francisco Bay Area.
PORTLAND, OR-The Brookhill Group makes its first Oregon acquisition, acquiring a 25.82-acre former sand and gravel pit on Tomahawk Island in the Columbia River, most of which it wants to restore and preserve as natural habitat in exchange for using a small portion near the main roadway for industrial uses.
EUGENE, OR-Earlier this week, Centennial Bank filed a foreclosure lawsuit in Lane County Circuit Court against Business Properties Investments LP for failing to make payments on $3.49 million in loans used to develop a speculative 26,000-sf office building here.
BEND, OR-The State Advisory Committee on Historic Properties will review the nomination at two meetings, one today and another in February. If approved and consented to by a majority of the affected property owners, the nomination will be forwarded to the Federal level. A final decision is expected before next summer.
BEND, OR-The privately-held scientific research and development firm is spending more than $13 million to create a new facility dedicated to producing clinical-trial drugs for its longtime pharmaceutical client Pfizer, which merged with Warner-Lambert Company in June.
DUBLIN, CA-Oracle and county planners will spend the next 60 days negotiating the details of the purchase. The software giant has already offered to buy the land for $3.8 million an acre.
SAN FRANCISCO-According to published reports, the recently merged companies have signed a lease for more than 230,000 sf in SOMA. Move-in is expected in the spring of 2001. Recent reports by Cushman & Wakefield put rents in the neighborhood at about $77 per sf.
LYLE, WA-The Trust for Public Land acquires 35 acres along the Columbia River Gorge to keep it from becoming a subdivision. The county, not pleased with the loss of potential property tax revenues, then passes an emergency zoning ordinance prohibiting public parks in the National Scenic Area without its permission.
