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SHERMAN OAKS, CA-The New York investment firm teams for the first time with locally based Rockland Properties to acquire 169 units from a local seller. The Summer View Apartments was 97% occupied at sale time.
SAN FRANCISCO-One of San Francisco's oldest law firms is relocating from its current location in the Financial District, which it has occupied for 14 years, to a new building in SOMA.
NEW YORK CITY-The eight-story property is located on the northeast corner of Fifth Avenue and 52nd Street. Holliday Fenoglio Fowler's New York office arranged the first-mortgage financing, which was provided by Frankfurt lender Deka Bank.
KIRKLAND, WA-The marketer of cellular service tells GlobeSt.com it has "pretty much wrapped up" its search for some 36 new store locations in 31 states as it seeks to tap into the high end consumer market.
PORTLAND-The Portland Development Commission approved Wednesday a nearly three-fold increase in its lease commitment at Parkside Business Center, an office building located adjacent PDC's Downtown headquarters at the south end of Fourth Avenue.
FARMINGTON HILLS, MI-The deals include office and industrial properties, as well as an apartment complex to sold Kirco, which represents that company's first foray into multifamily acquistions.
PORTLAND-Harsch Investment refinances Riviera Plaza, the 158,000-sf Downtown Portland office building it acquired in October 2002 for $21.9 million. Salomon Brothers provided permanent fixed-rate financing in the amount of $16.85 million.
SAN DIEGO-The San Diego City Council gives the green light on three parcels on Del Mar Mesa encompassing a total of 13.12 acres and a single 10-acre site in East Elliot. All of the land will be preserved as open space.
CHICAGO-The busy multifamily developer is among three firms that sign renewals in deals arranged by Equis Corp. Meanwhile, The Foster Group signs a 17,837-sf sublease at 330 N. Wabash Ave.
LONDON-Canary Wharf shares plummeted 22% yesterday after the company reported sliding profits and net asset value. Investors are also concerned about growing vacancy rates at the Docklands estate.