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PORTLAND-A Cushman & Wakefield Financial Services report says 2001 rents in the Portland region are expected to rise after nearly two years of remaining relatively flat, making Portland once again attractive to multifamily investors and developers.
NEW YORK CITY-The architect and developer, who together have created some of the most notable buildings in the US, were honored for their work at the Guggenheim Museum last night (July 12).
PORTLAND-Dick Benner, a former attorney for 1000 Friends of Oregon who has spent the past nine years directing of the state's Land Conservation and Development Department, is joining the regional government next week as its senior assistant counsel.
BOCA RATON, FL-Danburg Management Corp. of Fort Lauderdale paid the New York-based insurance conglomerate $64.37 per sf for the six-building, 85%-leased, 386,046-sf Boca Industrial Park, 70 miles north of Downtown Miami.
CHICAGO-The third major office deal in the largest submarket brings the total volume to $99.5 million. While $18.2 million was more than twice what the sellers paid in 1997, 29. N. Wacker Dr. underwent major renovations.
LONDON-Rental growth in the retail sector has come to a virtual halt, with an average growth rate over the six months to March of just 1.1%, according to a new survey from Jones Lang LaSalle.
LONDON-The Associated British Foods pension fund has bought Francis House, a 35,348 sf office building in Hills Road, Cambridge from Prudential to show a net initial yield of 6%
IRVING, TX-FelCor Lodging Trust has secured a $500-million loan facility commitment, in keeping with its takeover plan of Washington, DC-based MeriStar Hospitality. FelCor's $2.7-billion buyout is on track for a Q3 closing.
FULLERTON, CA-The 80,220-sf building has been sold in Fullerton, as demand for industrial space throughout the county continues to keep the market tight.
LACEY, WA-The Minneapolis-based retailer paid $10.5 million for the land and intends to build a 1.5 million-sf warehouse-distribution center from which products will be shipped to regional distribution hubs across the country.