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SEATTLE-A recent report prepared by Marcus & Millichap Real Estate Investment Brokerage Co. wagers the Puget Sound market will continue to garner the attention of private investors and remain stable despite national and local economic doldrums.
PORTLAND-Executives with Gerding Edlen Development, Opus Northwest, Pacific Coast Restaurants, L.J. Melody and Mark D. Barry & Assoc. will analyze 2002 and prognosticate 2003 over breakfast at the Downtown Portland Marriott in early December.
SHELDON, TX-After a year on the market at a price tag of $1 million, a buyer steps up for a 37,000-sf industrial building on 30 acres in Houston's far northeast submarket. The site, primarily used as a storage yard, has traded to a tubing manufacturer.
PHILADELPHIA-A $25-million check from the man who gave The Kimmel Center a jump-start and its name gets the long-planned new National Museum of American Jewish History off the ground. The 80,000-sf, five-story, glass-and-stone structure is planned for Independence Mall.
LONDON-Great Portland Estates has raised pounds 75.5 million ($120 million) in two separate transactions, selling a Midtown office building and an M25 business park.
BELLINGHAM, WA-International Absorbents Inc. purchases a 15.6-acre property in the area on which it will build a new, 100,000-sf manufacturing facility. The new plant will consolidate the six Northwest facilities now in operation.
DALLAS-LaSalle Investment Management and Cambridge Holdings will build upward of 500,000 sf of specialized properties. Dallas-Fort Worth is first out of the chute, but projects are coming to New York, New Jersey and California...for starters.
DALLAS-The city's first Mexican/Hispanic-owned mall will open in a vacant Kmart, now being retooled for 200 shop spaces, 10,000-sf bus terminal, 6,000-sf special events center and 3,200-sf private club. The 10-year lease was closed in just four months.
GREENWICH, CT-In an investment environment that he terms "insanely competitive," Scott Lawlor of Broadway Partners says his firm is looking to spend between $300 million and $500 million on new office building acquisitions next year.