SAN FRANCISCO-A spokesman for 50% owner Shorenstein Co. says there likely won't be any announcements until a purchase and sale agreement is signed. Equity Office Properties and oil tycoon Marvin Davis are reportedly submitted two of bids being considered.
GRESHAM, OR-Up against the 120-day deadline for processing American Property Management's application for a 264-unit complex on its heavily wooded 12.5-acre property here, the City Council gives it a thumbs-up.
SAN JOSE-For the second straight day since the first of January, business and residential customers in Northern and Southern California had their electricity shut off temporarily in what is believed to be a small taste of things to come this summer, when demand for energy really peaks.
TUALATIN, OR-Tualatin Business West will include four industrial-flex buildings and two commercial pads on 12.56 acres fronting Tualatin-Sherwood Road at 97th Avenue. The first buildings will be completed in October.
PORTLAND-The 12.25-acre property, valued at $22 million, includes a 139,000-sf administration building, a 51,000-sf truck shop, three fourplex apartment buildings and a house. The seller is Consolidated Freightways, from which CNF spun off in December 1996.
PORTLAND-The Society of Industrial and Office Realtors' annual awards breakfast also included rants and market predictions by keynote speakers Carl Panattoni of Sacramento-based Panattoni development, and Jim Johnson, Intel's vice president of technology and manufacturing.
SEATTLE-The airplane manufacturer says it will affect about 500 of its 78,400 employees in the region. Three metropolitan areas are under consideration: Chicago, Dallas/Ft. Worth and Denver. All three states have lower tax structures. One will be chosen by early summer.
SAN FRANCISCO-For all of 2000, however, there were significant price and rent gains. Nationwide, CBD and suburban office rents experienced double-digit percentage gains--11.27% and 10.97%, respectively--between the fourth quarters of 1999 and 2000.
VANCOUVER, WA-The Vancouver Public Facilities District and the Vancouver Downtown Redevelopment Authority are recommending the city sell $50 million in bonds to the Seattle-based investment bank Piper Jaffray, which would market them to individual investors.
SEATTLE, WA-The success of a three-building property south of the 3-acre property coupled with Immunex's planned campus to the north is expected to generate significant interest. The site can support development of an estimated 320,000 sf.
