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TROUTDALE, OR-Ramona Barinaga Harrington, a broker with Cushman & Wakefield in Portland, is taking on the marketing assignment for 22 acres west of McMenamins Edgefield owned by the nonprofit Children's Land Trust. The goal is a unique services campus for children.
HOUSTON-Details are sketchy under company policy, but MidCity Houston Properties is forging ahead with plans to unload its real estate holdings. One $427,500 cash sale has closed, a $700,000 cash deal is pending and more land dispositions are coming.
ATLANTA-The locally based REIT paid $20.75 million for the year-old, 157,792-sf office building complex near Houston's greater Greenspoint district and has signed IKON Office Solutions to a nine-year lease.
ORLANDO-The locally based arm of Germany-based Siemens AG will decide by Nov. 1 on a site in either Orlando, Pittsburgh or Ft. Worth, TX for a $122 million venture that will require 500 engineers, analysts and support staff.
BOCA RATON, FL-The locally based owner-operator of resort properties also reports an 8.1% increase in total revenue per available room and a 3.1% increase in hotel room occupancy for the three months ended June 30.
AUSTIN-US OnLine hawks its homeport corridor in Austin and San Antonio to Grande Communications in a $14.3-million sale. As an extra bonus, US OnLine will share in Grande's revenues to help couch the Austin-based provider's fiscal losses.
IRVINE, CA-City officials here are considering rezoning part of giant Irvine Spectrum project for homes instead of offices. Zoning change could help to stem sprawl-related problems.
AURORA, MN-The 78-unit Section 8 project has an occupancy rate of just 76%, a key factor in the decision to downgrade the rating on $3.13 million of outstanding multifamily housing revenue bonds to Ba3 from Baa2.
CHANDLER, AZ-RREEF, acting on behalf of a San Francisco pension fund, has negotiated a $6.5-million sale of the 113,200-sf Southgate Commerce Park in Chandler. The submarket's land is at a premium so the buy is being touted as a "good value.
LOS ANGELES-The 15,120-sf retail space is located in Van Nuys. It has been sold to Santa Monica-based First Avenue Realty and marks another recent retail sale in the area.