May 2, 2001 Special to Commercial Real Estate DirectConfirming a months-long rumor, drugstore.com has publicly said it has cancelled its lease for 140,000 square feet at the proposed Lincoln Square, a mixed-use project in downtown Bellevue, Wash.The lease cancellation raises ...
April 24, 2001 By Brad Berton, Commercial Real Estate Direct Contributing WriterAn investment group led by Stan Rosen has acquired the Kent Business Campus in suburban Seattle for about $8 million, or just under $76/sf.Rosen, a local investor, bought the ...
April 24, 2001 KENT, Wash. - Boeing Realty Corp., a subsidiary of The Boeing Company (NYSE:BA), has completed the roads and infrastructure for Phase I of the 240-acre Pacific Gateway Business Park.The lots have been placed up for sale.The property ...
April 12, 2001 SEATTLE – AvalonBay Communities has purchased 995 apartment units in three communities for $129.3 million during the first quarter.The properties are: the 333-unit Avalon Wynhaven; the 424-unit Avalon Brandemoor; and the 238-unit Avalon Wildwood.The company also sold ...
January 31, 2001 SEATTLE – Equity Office Properties Trust (NYSE:EOP) has promoted Patrick Callahan to senior vice president of the new Seattle regional headquarters.Callahan is a 10-year veteran of Equity Office. Previously, he was vice president of property management in ...
January 31, 2001 SEATTLE – Equity Office Properties Trust (NYSE:EOP) has decided to bring the leasing and management for the majority of its 8.1 million-square-foot Pacific Northwest portfolio in-house.Office property developer Wright Runstad & Co., which had been managing the ...
The Canadian property owner has decided to sell five U.S. office properties comprising more than 1.4 million sf. The company values them at $560 million and has hired Lazard Freres to find buyers.
January 23, 2001 AvalonBay Communities Inc. (NYSE:AVB) has acquired two apartment buildings, for $88 million, and sold two other apartment buildings, for $37 million.The Alexandria-Va.-based multifamily REIT purchased Arlington Place in the Chicago area for $49.1 million. The 409-unit, two-building ...
After three years in which about $1 billion of multifamily complexes changed hands annually, trading in apartments slowed dramatically last year. But that's about to change because developers have been building properties.
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
