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PORTLAND-The 10-year lease puts the United States Postal Service in the same building as one of its mail movers and right next to another. The building was developed by Trammell Crow for publicly traded AMB Property Corp.
BEAVERTON, OR-The New York-based communications company is relocating to the 217 Corporate Office Building here from a larger space in a nearby building. The vacancy rate in the 217 Corridor is currently about 18% and on a downward trend.
SAN FRANCISCO-In a joint venture with Mercy Housing, AF Evans Development plans to ground lease the six-acre former UC Berkeley Extension campus in San Francisco and develop multifamily housing on the site.
BILOXI, MS-Leddy Ventures Ltd. of San Antonio acquires 10 acres here that includes the 179-room Broadwater Tower Hotel and is now gearing up to convert the hotel to condominiums and, after that, add two additional residential towers to the property.
SEATTLE-The 28,000-sf parcel includes a parking lot and the three-story Camlin Hotel cabana building. The hotel itself was purchased last year by Redmond-based Trendwest Resorts, which is converting it for use as a 100-unit vacation timeshare.
LIVERMORE, CA-The Florham Park, NJ-based developer will begin infrastructure work later this year for an eventual three-million-sf business park worth about $250 million.
REGINA, SK-Elman Investors pays $10 million for an 80,000-sf building here that is leased by the government of Saskatchewan. Company principal Lee Elman tells GlobeSt.com there are another $75M worth of deals in the pipeline.
NASHVILLE, TN-The Mills Corp. of Arlington, VA sells half of the 1.2 million-sf mall to a fund of Kan Am Grund, an affiliate of Mills' long-term German joint venture partner Kan Am Group.
TOKYO-The San Francisco-based industrial REIT is set to break ground here on an eventual 1.7 million-sf, $150-million development next to Narita International. To jump start its operations here, the company also recently paid about $58 million for three existing distribution centers.
SAN JOSE, CA-Launching its foray into California, the Seattle-based Taco Del Mar quick-service restaurant chain inks a master developer agreement with a local businessman for its expansion into the South Bay as it negotiates similar deals for the Sacramento and San Diego markets.