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PORTLAND-The Teachers' Retirement System of the State of Illinois this week sells a 50% stake in 1.2-million-sf Clackamas Towne Center shopping mall to General Growth Properties as part of a new joint venture between the two entities. GlobeSt.com reported two weeks ago that the mall's ownership may be changing.
VANCOUVER, WA-The Port of Vancouver is examining a possible redevelopment of the Red Lion Inn at the Quay, aka Terminal One. It would include a hotel and conference center not unlike the City of Vancouver has been trying to make happen, as well new offices for the port.
REDONDO BEACH, CA-Los Angeles-based R.W. Selby & Co. acquires a 105-unit apartment project constructed in 1971. The Bascom Group of Irivine had owned it since 1998.
PHILADELPHIA-The Cleveland, OH-based global paint and decorating industry giant renews and expands its lease at the corporate center in Malvern, PA, making it the company's northeast headquarters. According to published
ORLANDO-Corporate Facility Advisors Inc., an Arlington, VA-based international transaction referral network, selects one member per market for various categories. Rebman Properties Inc. of Maitland, FL represents CORFAC on industrial deals.
RED BANK, NJ-The Massachusetts-based voice/data network provider will stay right where it is, converting its sublease with Lucent into a long-term agreement with the property owner.
ATLANTA-Continuing its march through the Southeast, Oak Brook, IL-based Inland Retail Real Estate Trust adds the newly constructed, grocery-anchored center in Jamestown, NC to its portfolio for $6.64 million. It holds an 18-month master lease on the 85%-occupied shopping center.
PHOENIX-Summit Builders Charities wraps up work on the Steve Finley Field, less than a month after the ground-breaking ceremony with the Diamondback player. Two more fields are in the works for low-income neighborhoods in Phoenix.
CANTON TOWNSHIP, MI-The large project on 338 acres is expected to cost $400 million, and won't be complete until 2007. Biltmore Building Co., Ivanhoe-Huntley, Curtis Building Co. and Millcreek Building Co. are involved.
VANCOUVER, WA-The Port of Vancouver is examining a possible redevelopment of the Red Lion Inn at the Quay, aka Terminal One. It would include a hotel and conference center not unlike the City of Vancouver has been trying to make happen, as well new offices for the port.