Globest Sectors

Developers are less bullish on industrial and multifamily projects three years down the road.

The $47.5 million property was bought by Deka’s open-ended and dollar-denominated North America Fund, and marks its third US acquisition during the past nine months and first in Oregon.

The asset is the largest single-asset retail transaction to trade hands in the last three years outside of Manhattan.

Pillar Commercial, through its Pillar Real Estate Fund I, has acquired the 240,000-square-foot Richardson Office Center campus from Buchanan Street and Carval Investors for an undisclosed price.

Merriman Anderson/Architects modified the existing building structure of the former office building to provide the new hotel lobby on the second floor, and new meeting and ballroom space on the 20th and 21st floors.

Century West Partners and Fifield Cos. has shifted away from high-rise urban-core apartment developments to semi-urban mid-rise projects.

Adaptive Biotechnologies Corporation has signed a 12-year full-building lease at 1165 Eastlake Ave. East, a sustainable 100,000 rentable-square-foot headquarters office/laboratory development in the Eastlake Life Science Campus

The largest transaction was with wireless site development firm Network Building & Consulting, LLC, which agreed to add 10,491 square feet to its space at Keystone’s VEVA, a 417 420,546 square-foot office campus in Blue Bell, PA.