SALEM, OR-The 100,000-sf building anchoring the northeast corner of the 650,000-sf mall was one of the few mall buildings not already owned by C.E. John Co., which is finishing up a $17 million makeover of the mall.
PORTLAND-The three-story brick building is owned by Peter Nathan and family. Venerable Properties will oversee the estimated $5-million renovation, and is currently conducting a feasibility study for one or two additional stories.
SAN MATEO, CA-The office and industrial REIT's results are down 15% from the same quarter in 2000. The company is shedding its retail real estate as part of a larger capital redeployment program.
PALO ALTO, CA-The fund will generally be Essex Property Trust's exclusive vehicle for new investments until the Fund's committed capital has been invested or committed or, if earlier, Dec. 31, 2003.
BEAVERTON, OR-After announcing a tentative agreement in June, the the city of Beaverton and Glendale, Ca-based Dorn Platz yesterday signed a development agreement reactivating the once-failed, $100-million Round at Beaverton Central project.
CUPERTINO, CA-The company's share price stood at $13.23 in afternoon trading Wednesday, up 36 cents on the day and more than $1.40 under a 52-week high that dates back to November.
HILLSBORO, OR-With space continuing to spill back onto the market, the up-and-coming maker of transformer monitors for the world's power providers opts for a six-month lease and a return to the market in September for a more permanent home.
HILLSBORO, OR-No formal application has been submitted to the City, but West Hills Development has an option to purchase the 70-acre property from the Teufel family located on Tualatin Valley Highway, just west of River Road.
VANCOUVER, WA-The third largest trucking company in the nation says it will raise general freight rates by about 5.1% on Aug. 1, and Fed Ex says it's trucking unit will push general rates by 5.9%.
SAN FRANCISCO-Limp leasing activity, negative absorption, soaring vacancy rates, tumbling prices. That is how Whitney Cressman describes the situation in its first half report on the local office market. Second half forecast: More of the same.
