West
Montana Property JV to Develop $400M M-U Project Near New 49ers Stadium
A joint venture of Montana Property Group and Lowe Enterprises has unveiled plans for Santa Clara Centennial Gateway, a $400 million, 860,000-square-foot, entertainment-themed, mixed-use development on a 9.5-acre downtown site owned by the city of Santa Clara, Calif.
Lowe, Alecta Form JV to Develop Seattle-Area High-Rise
Lowe Enterprises Investors and Alecta, Sweden’s largest mutual pension company, have formed a joint venture to develop a 24-story condominium building in the First Hill area of Seattle.
TMT Development Restarts Portland Tower After 5-Year Hiatus
The $175 million Park Avenue West Tower will incorporate residential, office and retail components and is pre-certified LEED Platinum.
CoreNet Special Report: Keys to Establishing Good Internal Partnerships for Corporate RE Execs
Speaking at the CoreNet Global North American Summit being held this week in Las Vegas, Mark Gorman of Ciena Corp. gave advice for corporate RE executives on establishing and maintaining relationships with other departments within a company.
Swire Coca-Cola Leases 257 KSF from United Properties in Denver Area
A Coca-Cola distributor has leased a 257,351-square-foot warehouse under construction at United Properties’ Enterprise Business Center in Stapleton, Colo., in a deal negotiated by Newmark Grubb Knight Frank.
Grosvenor Buys 11 Office Buildings in Seattle Suburb for $167M
Grosvenor Americas acquired a group of 11 Class A office buildings in Bothell, Wash., a Seattle suburb, from owner/developer Schnitzer West for $167 million.
German Investor Sells Apple, Bulgari Stores in San Francisco for $160M
Two retail assets in San Francisco’s Union Square district, the Apple store at One Stockton Street and the Bulgari store at One Union Square, have been sold by German investor Deka Immobilien to an unidentified U.S.-based private investor for a total consideration of $160 million.
Cornerstone Sells 187 KSF Former Twitter HQ in San Francisco to ASB
Cornerstone traded 795 Folsom St., a six-story Class A office building in the South of Market district, for $110 million to ASB Real Estate Investments.
Madison Marquette Grabs 202 KSF M-U Property in Seattle Suburb
Madison Marquette has teamed up with two foreign institutional investors in a JV to purchase the Bellevue Galleria, a 202,000-square-foot mixed-use project in the Seattle suburb’s downtown.
Mack Urban, AECOM Acquire Six Acres in Los Angeles CBD
Mack Urban and AECOM Capital have teamed to acquire six acres of land in downtown Los Angeles’ South Park district, on which they plan to build a new mixed-use neighborhood.