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• Larry K. Sullivan Named President at Passco Companies
5/01/13
Larry K. Sullivan has been named as president of Passco Companies LLC, following the resignation of former president William H. Winn. The appointment is effective as of May 30, 2013.
With more than 30 years of experience di...
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• Webtrends Relocates Portland HQ to US Bancorp Tower
4/26/13
Webtrends is relocating its Portland corporate headquarters to U.S. Bancorp Tower, after signing a lease for 64.7k sf of space at the 42-story high-rise, located at 111 SW 5th Ave in Portland’s downtown. Webtrends, a leader i...
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• Draftsmen & Craftsmen
4/24/13
The University of Southern California (USC) has selected Bernards as general contractor for the renovation and expansion of the university’s new Uytengsu Aquatic Center. The $12.5 mil project, designed by Berkley-based ELS A...
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• Equity Sales of CA Homes at Highest Level in Five Years
4/23/13
The share of equity sales rose to their highest level in five years, while March California pending home sales climbed from the previous month, according to the latest data from the California Association of Realtors®.
Pend...
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• New WA Medical Facility First Building Certified Under LEED for Healthcare Rating System
4/18/13
The Group Health Puyallup Medical Center, a newly opened 53k sf, two-story medical facility in Puyallup, WA, is the first project in the country to achieve certification under the new Leadership in Energy and Environmental De...
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• Tripwire Sets Off 50k sf Office Lease in Portland
4/17/13
Tripwire Inc signed a renewal for 49.6k sf of office space at One Main Place, a 293k sf, Class A office building at 101 SW Main Street in Portland. Tripwire is a leading global provider of IT security and compliance solution...
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• Draftsmen & Craftsmen
4/17/13
C.W. Driver has started construction on the new student recreation center expansion located on the University of California, Riverside (UCR) campus. The $35.2 mil project, which is targeted for LEED silver certification, invo...
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• Commercial Real Estate Financing Briefs
4/15/13
THE ALISON COMPANY -- Shaun Moothart of The Alison Company has arranged $10.15 mil in permanent financing for a portfolio of four SoCal properties totaling 212k sf. A portion of the proceeds was required for the acquisition ...
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• Green Leaf Springs Buys 266-Unit Portland Multifamily Community
4/11/13
Willow Springs, a 266-unit apartment community located in Portland’s Parkrose neighborhood, sold for $16.1 mil or $60.5k/unit. The asset was acquired by Green Leaf Springs LLC, which plans to undertake an exterior renovation ...
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• Boston Consulting Signs Lease at Seattle’s 1918 Eighth Avenue
4/08/13
Boston Consulting Group inked a lease for 7.2k sf of space at 1918 Eighth Avenue, bringing the office property to 100% occupancy. Containing 668.3k sf of space over 36 floors, 1918 Eighth Avenue is the tallest building in Sea...
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• Work is Started on 248-Unit Denver Res Development
4/04/13
Construction is underway on a 248-unit multifamily apartment community in the Denver Tech Center that will offer residents luxury housing with easy access to employment, restaurants, retail. The community, a development of Th...
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• Commercial Real Estate Financing Briefs
4/03/13
MARCUS & MILLICHAP CAPITAL CORPORATION -- Marcus & Millichap Capital Corporation (MMCC) has arranged $5.5 mil in refi money for a 68-unit multifamily mid-rise property in Los Angeles. The 15-year loan offers interest-only pay...
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• WA Flex/Office Campus Trades for $7.9 Mil
4/03/13
A six-building, flex/office portfolio totaling 82.5k sf in the desirable Northend market of Lynnwood, WA sold for $7.85 mil ($95/sf). Known as Colony Park Business Center, the buildings are located at 19011-19029 36th Avenue ...
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• Bridgeport Investments Secures $45 Mil in Equity Financing Commitments
4/01/13
OC-based Bridgeport Investments recently secured two equity financing commitments totaling $45 mil.
In the larger transaction, Bridgeport secured $35 mil in equity financing on behalf of CapRock Partners, a private investme...
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• Draftsmen & Craftsmen
4/01/13
California State University Northridge (CSUN) has selected the design-build team of general contractor C.W. Driver and architectural firm AC Martin Partners for a $26 mil student housing complex on the campus. The 100k sf des...
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• Quantum Capital Partners Arranges $6 Mil Refi on West Hollywood Office Building
3/28/13
Quantum Capital Partners has arranged permanent financing of $5.9 mil on behalf of a private owner to refinance a West Hollywood office building. The new five-year, fixed loan has an attractive interest rate of just under fo...
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• Non-Distressed Sales of CA Homes at Highest Level Since April 2008
3/26/13
Pending home sales in California rose in February from the previous month but were lower than year-ago levels. Meanwhile, equity sales rose to their highest level in nearly five years, according to just-released data from th...
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• Johnson Capital and Better Commercial Mortgage Arrange $9.5 Mil on 147-Room Hotel Property
3/21/13
Daniel Lisser, Managing Director in Johnson Capital’s New York City office, and Better Commercial Mortgage Inc have jointly arranged $9.5 mil in financing for the 147-room Airport International Inn in Williston, North Dakota....
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• MIG Real Estate Acquires Two AZ Hotel Properties
3/20/13
Newport Beach-based MIG Real Estate LLC has acquired two hotels in the Phoenix metro area: the Fairfield Inn & Suites Midtown in Phoenix and Holiday Inn Express & Suites Old Town in Scottsdale. These acquisitions further expa...
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• Draftsmen & Craftsmen
3/19/13
Construction is currently underway on a new corporate headquarters space for Monster Energy Company that was designed by Newport Beach-based H. Hendy Associates. To bring the Monster brand to life in its new headquarters, the...
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