In The Pipeline: CoStar Development & Construction News for Jan. 29 – Feb. 4

In The Pipeline is a column on significant acquisitions of commercial land for sale, and other transactions and trends affecting office, industrial, flex, multifamily, mixed-use, hotel and public works developers. Send us news leads about your new commercial real estate project -- and sign up to be added to our distribution list to receive future In the Pipeline columns by e-mail. Trammell Crow, Principal Launch $1B Development Program Principal...
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Market Trend: Portland’s Retail Vacancy Decreases to 5.4%

The Portland retail market experienced a slight improvement in market conditions in the fourth quarter 2011. The vacancy rate went from 5.6% in the previous quarter to 5.4% in the current quarter. Net absorption was positive 234,325 square feet, and vacant sublease space decreased by 12,561 square feet. The largest lease signings occurring in 2011 included: the 42,450-square-foot-deal signed by The Lumberyard at 2700 NE 82nd Ave; the 40...
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International Paper Company Sells Hillsboro Facility for $3.5M

Far West Fibers, Inc., a recycling company, purchased the industrial facility at 6640 SE Alexander St. in Hillsboro, OR from International Paper Company for $3.5 million, or about $53 per square foot. The 65,612 -square-foot industrial building was constructed in 1999 in Washington County. The buyer was a tenant occupying space in the building prior to the sale. The building was not on the market at the time of sale. There were no brokers involved...
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LAST CALL! Deadline Is Next Week for CoStar Power Broker Awards

This is it! Don't miss out on this opportunity to have your 2011 professional accomplishments recognized by making sure you get credit for the leases and sales you closed in 2011 and you may qualify for the CoStar Power Broker Awards! The deadline to submit your transactions is next Wednesday, February 1, 2012. As the leading industry award recognizing the "best of the best" in commercial real estate brokerage, the CoStar Power Broker Awards...
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Wellesley Park Apartments Sell for $5.7M

A group of private investors acquired the 65-unit Wellesley Park Apartments in Salem, OR for $5.7 million, or about $88,000 per unit. The complex, located at 4420 Seaton Lane NE, consists of 37 two-bedroom and 28 three-bedroom apartments with sizes ranging from 994 to 1,180 square feet. Amenities at the multifamily community include a washer and dryer in every unit, walking and biking trails, and storage units. Grayson Pounder of Hendricks...
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Behringer Harvard Appoints New President, CEO of REITs

Behringer Harvard hired Michael J. O'Hanlon as an executive vice president of the firm and as CEO and president of Behringer Harvard Opportunity REITs I and II. He took the place of Robert S. (Bob) Aisner who was tapped as vice chairman of the REITs. O'Hanlon has more than three decades of industry experience with a background in asset management, corporate and loan restructuring and capital markets. He formerly served on the board of BH REIT II...
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In The Pipeline: CoStar Development & Construction News for Jan. 22-28

In The Pipeline is a column on significant acquisitions of commercial land for sale, and other transactions and trends affecting office, industrial, flex, multifamily, mixed-use, hotel and public works developers. Send us news leads about your new commercial real estate project -- and sign up to be added to our distribution list to receive future In the Pipeline columns by e-mail. Follow me on Twitter for live news updates. CA Firm Named Hudson...
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In The Pipeline: CoStar Development & Construction News for Jan. 22-28

In The Pipeline is a column on significant acquisitions of commercial land for sale, and other transactions and trends affecting office, industrial, flex, multifamily, mixed-use, hotel and public works developers. Send us news leads about your new commercial real estate project -- and sign up to be added to our distribution list to receive future In the Pipeline columns by e-mail. Follow me on Twitter for live news updates. CA Firm Named Hudson...
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CoStar’s People of Note (Jan. 15-21)

This week's People of Note includes the following markets: Boston, Houston, New York City and Sacramento. HOUSTON Avison Young Recruits Jeane as Principal By Laurie Forbes Office market leader Lee Jeane joined Avison Young's Houston team. As a principal, he will spearhead the launch of AY’s agency leasing and management platform in the region. His focus will be investors looking to purchase and operate office properties in Houston and throu
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CoStar’s People of Note (Jan. 15-21)

This week's People of Note includes the following markets: Boston, Houston, New York City and Sacramento. HOUSTON Avison Young Recruits Jeane as Principal By Laurie Forbes Office market leader Lee Jeane joined Avison Young's Houston team. As a principal, he will spearhead the launch of AY’s agency leasing and management platform in the region. His focus will be investors looking to purchase and operate office properties in Houston and throu
Posted in Uncategorized