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PORTLAND-The Portland Development Commission, the city's urban renewal agency, sends out a request for qualifications to be considered for development of an 800-room hotel adjacent to the newly expanded Oregon Convention Center.
MIAMI-Brian DiRienzo and Grant Savage specialize in the acquisition and disposition of office, industrial, retail and hotel properties. DiRienzo will be based in Boca Raton, and Savage will be based here.
CHICAGO-"Every major institution wants to be involved in this deal," asserts Donald J. Trump of the $650-million, 2.4-million-sf Trump International Hotel and Tower. His Trump Organization booked a $600-million profit on a recent Manhattan office sale.
ST. PAUL-Property owners complain they must fight expensive battles to get the fair market value for their property from Minnesota's transportation department. The disputed cases results often favor the owner.
PORTLAND-The California-based majority partner in Avalon Hotel Partners LLC, the owner of the Avalon Hotel, breaks a promise to a Multnomah County Circuit Judge by filing for Ch. 11 bankruptcy the same day it had to hand over the deed for the property to the minority partner, which is led by local developer Paul Brenneke.
JACKSONVILLE, FL-The locally based retail REIT puts a $103.3 million gross price on the shopping centers totaling 461,534 sf. The transaction gives Regency Centers Corp. a 25% ownership interest in the joint venture relationship with Macquarie CountryWide Trust of Australia.
PHOENIX-A Phoenix couple who had been searching for the perfect investment vehicle found it in not one, but two Valley properties. Both deals closed on the same day, giving the new owners 46 units with upside potential.
HANOVER PARK, IL-Winhere Automotive, Inc. relocates is US headquarters from Los Angeles to Cigna Management's warehouse and distribution building at 5800 Turnberry Dr.