PORTLAND-The bad news is that average rents rose less than 1% in 2002 in the Portland area. The good news is rents didn't plummet like they did in such hard-hit markets as the San Francisco Bay Area.
SACRAMENTO-London-based developer Grosvenor Group sells one of California's most prestigious office trophies to San Francisco-based Shorenstein Co. The deal is the first in Sacramento for Shorenstein.
SAN JOSE, CA-New figures from a construction industry research firm underscore the pain of the area's building trades and real estate markets in 2002. New office and other nonresidential construction in the county fell by close to $1 billion.
SAN BRUNO, CA-Against the backdrop of an uncertain economy, TMG Partners and Regis Homes this morning are launching construction of this city's largest master-planned project, a $300 million mixed-use development on former Navy land.
SAN FRANCISCO-The Building Owners and Managers Association of San Francisco elects Todd Robinette of Equity Office Properties as 2003 president. He replaces Kennard (Ken) Perry of The Swig Company.
SAN FRANCISCO- Davis, Cowell & Bowe makes a cross-town move from Van Ness Avenue to the city's battered Financial District, leasing 9,549 sf at 595 Market St. The firm is relocating after 17 years in the Van Ness corridor.
REDWOOD CITY, CA-Despite being rocked by the bankruptcy of major dot-com tenant, a Bay Area developer negotiates an agreement making its lender a joint-venture and equity partner and allowing it to continue owning and operating a one-million-sf office/R&D campus.