SEATTLE-The stack, constructed in 1908 in downtown Seattle's Pioneer Square, is approximately one foot off its centerline as a result of the Feb. 28 earthquake. Officials fear what could happen if another quake hit.
KENT, WA-TMX Aerospace provides supply-chain management services that streamline the flow of raw materials for the Boeing Commercial Airplane Group and its worldwide suppliers. According to TMX officials, the new lease was made to get closer to the Boeing plant.
BREMERTON, WA-A $33-million building is proposed for downtown Bremerton, a major gateway to the Olympic Peninsula. The government center would house offices for the City of Bremerton along with 250 county employees.
LOS ANGELES-A CBRE source tells GlobeSt.com most of the savings will come from not filling vacant positions, many of which were budgeted to be filled in the coming months. Additional cutbacks include smaller bonuses for executives.
SAN FRANCISCO, CA-Delphi Group Research reports that the business portal software market topped $405 million in 2000, up 128% compared to 1999. The market advisor also found that locally based Plumtree Software led the portal applications segment with 12.8% market share.
GLENDALE, CA-Los Angeles-based CommonWealth Partners acquires three office buildings here totaling 410,000 sf from New York-based Westbrook Partners. The transaction includes a 50% ownership in a 1,600-stall parking garage that sits between the buildings.
SEATTLE-Profits from the hotel industry are expected to flatten out over the next year or two as the economy and consumer confidence trends down, corporations and individuals pull back on discretionary spending and lenders grow more stingy with their capital.
PORT LUDLOW, WA-HCV Pacific Partners plans to refurbish the retail and residential portions of the 1,300-acre Jefferson County resort that includes a 300-slip boat marina and 27-hole golf course. The seller is Pope Resources, a Poulsbo, WA-based forest products company.
BELLEVUE, WA-Eastside Sports and Entertainment hopes to construct a 7,000-seat sports facility that would house soccer, semi-professional hockey plus a 2,000-seat auditorium for dramatic arts.
PORTLAND-"There remains a good chance things could bounce back in the latter part of this year," says Joel Heiser, executive managing director for Hospitality Asset Advisors. But in the event of recession, "it will take a bit longer," he adds.
