PORTLAND-Sellers Bill and Carol Atherton purchased the building in 1990 for $500,000 after a bank had repossessed it. The four-story strucutre was constructed in 1872 as a warehouse and later converted to office space. It underwent a restoration and seismic upgrade in 1986.
MENLO PARK, CA-At projected growth of 19.4% for 2000 and 13.8% for 2001, Spieker remains attractively valued despite its above average Price/FFO multiple (13.3x), says Analyst Bill Camp with A.G. Edward & Sons Inc.
SAN FRANCISCO-Golden State posted third quarter 2000 earnings of $88.5 million, or approximately 62 cents a share. Total assets were reported at $60.6 billion as the third quarter came to a close, an increase of just under 8% from last year.
PORTLAND, OR-The timber company reports a better than 20% drop in third quarter profits to $6.6 million or 22 cents a share, and says it expects fourth quarter results to fall within the range of 18-to-23 cents per share.
HILLSBORO, OR-The building will open officially on Nov. 6 with 50 employees, expand to 70 people by the end of 2000 and add an additional 25 after the first of the year. The center is ultimately planned for 218 employees.
PORTLAND, OR-Nine months after opening a Seattle shop in the Maritime Building, Portland-based Sienna Architecture Co. brings on three well-known Seattle architects as principals to handle several new design wins and bring in even more business.
VANCOUVER, WA-Local developers Ralph Smith and Richard Young are erecting the three-story, 22,500-sf University Plaza in the Salmon Creek neighborhood, next to Kaiser Permanente at 14508 NE 20th Ave.
EUGENE, OR-Pacific Continental Corp. posts earnings of 31 cents a share but remains behind 1999 year-to-date totals while a post-merger Premier West Bancorp shows strong year-to-date earnings growth, including 10 cents a share in the third quarter.
SAN FRANCISCO-The investment bank's third quarter preview predicts above-average same store NOI growth in the apartment and CBD office sectors, average same store NOI growth in suburban office, industrial, lodging and retail, and below-average NOI growth in specialty and self-storage.
SAN FRANCISCO-The building at 260 Townsend Street is owned by Houston-based EGL Inc., which came into its possession by acquiring Circle International Group Inc. The asking price is $37 million.
