SAN FRANCISCO-Survey respondents' continue to favor investment in 24-hour cities - cities that have succeeded in bringing together a critical mass of quality housing and healthy business activity in central locations.
SPOKANE, WA-WestCoast stock hit a 52-week low of $5/share yesterday, and the news isn't much better today. The company is reporting a 6.1% drop in net income for the third quarter due to higher interest costs, depreciation and amortization, income taxes and a one-time, non-cash charge.
PORTLAND-Wilshire Real Estate Investment Inc. sells five retail buildings and an office complex/warehouse/distribution center - a total of 444,864 sf - to Madrona Park II LLC for $28.8 million. Madrona assumed debt of $20.3 million as part of the deal.
PORTLAND-In addition to the benefits for existing residents and businesses, the enhancements - including voice mail, high-speed Internet access and fiber optics - will allow rural economic development departments to actively court new employers that require such infrastructure.
PALO ALTO-The news, announced after close of markets Wednesday, hasn't hurt or helped the company's stock price much. Shares are up 12 cents in early afternoon trading to $52.50, $4 off the 52-week high it achieved in late September.
PORTLAND-The high tech industrial sector was back in expansion mode during the third quarter, according to a just-released third quarter report by Grubb & Ellis. Lease rates also are ticking up a bit after several years of stagnation, encouraging speculative developers.
PORTLAND, OR-With class A vacancies still tight, dotcoms were responsible for much of the leasing activity in class B and C buildings downtown, according to third quarter numbers from Grubb & Ellis. Meanwhile, in the high-tech haven located west of town, several projects were leased up before they hit the market.
PORTLAND-Christenson, one of Northwest's largest electrical contractors, acquires the 60-person company for undisclosed financial terms as part of an overall expansion plan that includes a six-week-old Seattle office.
PORTLAND-Terry Shanley is currently a senior management team member in the 75-person Portland office, and has been manager of its Asset Services Group since 1998. Thomas Usher, who has run the local office for 20 years, is transitioning back into brokerage.
BATTLE GROUND, WA-United Tempering Systems is building the glass fabrication facility on the southeast edge of town, where more than 100 acres of industrial-zoned land being prepared for development as 199 Commerce Center.
