In this week’s issue, German pharma giant Merck has topped off its $65 million research facility in Billerica, MA; Irvine, CA-based Sares Regis breaks ground on a rare industrial project on California’s Central Coast; and a group of architects plans…
Samrose Design Center Sells for $2.6M
Grand & Salmon LLC purchased the Samrose Design Center in Portland, OR, for $2.65 million, or $147 per square foot, from Samrose Design Center LLC. The 18,000-square-foot office building at 1210-1230 SE Grand Ave. was built in 1926 in Southeast Close…
Lease Up/Lease Down (Nov. 8-14): Layoffs: A Sprint to the Bottom Line
News of corporate expansions, relocations, extensions, closures, layoffs, lease cancellations and mergers has been consolidated into Lease Up/Lease Down. Look to Lease Up/Lease Down every week for valuable information that can be used as a source…
Portland Office Bldg. Sells for $1M
GB Pacific Holdings LLC purchased the office building at 5603 S.W. Hood Ave. in Portland, OR, from the Portland Rose Festival Association for $1.08 million, or $158 per square foot. The 6,854-square-foot office building was constructed in 1949. A law…
In The Pipeline: CoStar Development and Construction News for Nov. 15-21
In this week’s issue, TMG Partners and The Related Cos. have been tapped as master developers for a $1 billion 77-acre mixed-use project in the S.F. Bay Area; Seavest Inc. and its JV partner are developing two medical office buildings on the new campus…
Pinemeadow Golf Leases 55,000 SF
ProLogis has leased 55,000 square feet of industrial space at 26200 S.W. 95th Ave. in Wilsonville, OR, to Pinemeadow Golf. The company, which customizes golf clubs, is scheduled to take occupancy in January. The 130,000-square-foot warehouse was built…
Lease Up/Lease Down (Nov. 1-7): AT&T, Wachovia Renew in Florida
News of corporate expansions, relocations, extensions, closures, layoffs, lease cancellations and mergers has been consolidated into Lease Up/Lease Down. Look to Lease Up/Lease Down every week for valuable information that can be used as a source…
Blackstone and Glimcher Launch $320M Joint Venture
The Blackstone Group and mall REIT, Glimcher Realty Trust, entered into a joint venture agreement that would be seeded by two of Glimcher’s best malls — Lloyd Center in Portland and WestShore Plaza in Tampa. Under terms of the joint venture, Blackstone…