Features

“A break-up strategy allows for new and unseasoned investors or buyers to purchase a single tenant asset as a part of a larger successful shopping center that they probably couldn’t afford as one large investment.”

According to one panelist who will speak at the upcoming CREW Network Convention, three opportunities include: big data and artificial intelligence; sustainability as a driver of innovation; and tenant experience.

The mixed-use building at 147 E. Santa Clara St., dubbed The Icon, will be aimed at residents seeking a blend of the urban environment offered by Silicon Valley while providing access to public transportation options.

The $47.5 million property was bought by Deka’s open-ended and dollar-denominated North America Fund, and marks its third US acquisition during the past nine months and first in Oregon.

Merriman Anderson/Architects modified the existing building structure of the former office building to provide the new hotel lobby on the second floor, and new meeting and ballroom space on the 20th and 21st floors.

A check for $107,000 was recently presented to the Boys & Girls Clubs of North San Mateo County by the Sares Regis education and community foundation for a technology and infrastructure upgrade to the center.

Seattle has a strong suburban office sales market and there is an abundance of capital for both stabilized and value-add profile suburban office assets such as the recently sold Corporate Campus East III in Bellevue.

As one of the economic and cultural centers of Texas, San Antonio’s trio of economic factors include low business costs, an advanced telecom infrastructure and an increase of young educated households with children.