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PORTLAND-Late last week, developer Homer Williams and Oregon Health Science University closed on the joint-venture acquisition of 18 acres of industrial riverfront in the North Macadam area, where the university hopes to expand its operations and connect back to its hilltop home with a large aerial tram.
ORLANDO-Nine of the company's 20 properties, or 25% of the total square footage in the Jackson, MI-based retailer's stores and a distribution center are in Florida and go to auction Sept. 18.
PHOENIX-The 44-unit Missouri Village goes for $1.1 million and the 45-unit 40th Avenue Apartments for $1.3 million. The buyer is a Wisconsin couple that closed the deals with a 1031 Exchange.
ANN ARBOR, MI-The suburban office REIT based in suburban Chicago offloads a 179,450-sf property, allowing reinvestment of $2 million gain in new acquisitions. For Great Lakes REIT, the sale is the front end of a 1031 exchange.
ORANGE COUNTY, CA-The number of new permits issued for apartments climbed sharply in the county for the first seven months of this year, but the value of new apartment and commercial building construction dropped.
ASBURY PARK, NJ-The development group once known as Ocean Front Acquisitions is now Asbury Partners LLC, a change that reflects the next stage of this community's redevelopment process, according to the group's head.
ATLANTA-The 7,000-member corporate real estate executive group is taking 12,000 sf for 10 years on the 15th floor of the Downtown structure at an estimated rent of $20 per sf.
BOSTON-The city's hotel market inches towards recovery but the impact of the terror attacks coupled with the economic downturn can still be felt. While occupancy rates are climbing back to normal, the room rates remain low.
RIVERSIDE, CA-The financial consulting firm signed deals in Riverside and Hemet, including a build-to-suit office, according to broker Andrew Nott of Grove Realty Services Inc.
LYNCHBURG, VA-Bausch & Lomb announces plans to add 39,000 sf to its existing 38,000-sf distribution center at the Lynchburg Center for Industry. The Lynchburg Industrial Development Authority is overseeing the project, and will lease the property to Bausch & Lomb.