X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Burnham Pacific Properties Inc. said yesterday it plans to sell its multi-state real estate holdings and liquidate the company.

The San Diego-based real estate investment trust owns 13 shopping centers in King, Snohomish and Whatcom counties, including Totem Lake Malls in Kirkland, Design Market, Eastlake Plaza and Overlake Plaza in Bellevue, Woodinville Plaza, Aurora Marketplace in Edmonds, James Village Center in Lynnwood, Greentree Plaza and Puget Park in Everett, Bear Creek in Redmond and Fairwood Square in Renton.

Burnham Pacific says it had considered selling the company as a whole or reorganizing, but didn’t receive adequate offer prices. Its other holdings are in Oregon, California, Colorado, New Mexico, Utah, Texas, Minnesota, Illinois, Connecticut and Maryland.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.