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Tech Companies Account for One-Fifth of US Office Leasing Activity
LifeLock, a personal information security company, is one of several tech companies that has opened an office in the Phoenix area. The company leases about 95,000 square feet in the Hayden Ferry Lakeside mixed-use park in Tempe, Arizona. While all...

Singapore's CapitaLand Storms Into U.S. Apartment Market with 16-Property, $835 Million Purchase
The Ashton Apartments in Corona, California is one of 16 properties being acquired by CapitaLand in an $835 million deal.Singapore’s CapitaLand Ltd. is entering the U.S. apartment market with a splash, buying an $835 million portfolio of rentals in western...

Downtown Portland May Lose Four MAX Light Rail Stations
38 Davis, a 65-unit apartment complex in Portland's Old Town/Chinatown neighborhood. TriMet, a mass transit operator in the Portland, Oregon metropolitan area, is considering closing four MAX light rail stations in Downtown Portland. For multifamily...

With Sales Booming, Small-Town Apartment Brokers Benefit
The 331-unit Elliston 23 in Nashville.Brett Kingman is too busy to talk about how busy he is. That's because he's an apartment real estate broker in a smaller city, where investors are flocking these days in search for more upside than major markets like...

Seattle-Based Firm Bolsters Portland-Area Portfolio with $85 Million Buy in Hillsboro
Multifamily Investment firm Security Properties, in a joint-venture partnership with Pacific Life Insurance Co., bolstered its Portland, Oregon-area holdings by paying $85 million, or about $280,000 per unit, for the 304-unit Tessera at Orenco Station...

Singapore Group Acquires Starwood Office Portfolio in First U.S. Purchase, Sources Say
The Innovation Corporate Center in San Diego's Rancho Bernando is part of a large office portfolio that Starwood Capital Group seeks to sell. Investment firm Starwood Capital Group has sold 33 prime office properties totaling 3.3 million square feet...

California-Based Senior Housing REIT Buys Courtyard at Mt. Tabor for $92 Million
Strategic Student & Senior Housing Trust, Inc., a non-traded real estate investment trust, purchased senior housing community Courtyard at Mt. Tabor in Portland, Oregon, for $92 million, or about $322,000 per unit. The Ladera Ranch, California-based...

Portland City Council to Consider Tenant Screening Criteria Restrictions
The Portland City Council plans to consider a proposal that would make it harder for landlords to use criminal background or poor credit history to reject prospective tenants. This proposed legislation builds on several years’ worth of efforts by the...

Wallace Elevated to President of CBRE's Mountain-Northwest Division
Joe Wallace has been promoted to president of CBRE’s Mountain-Northwest Division in San Francisco, where he will have executive oversight for the Bay Area, Sacramento and Reno, Seattle, Portland, Denver, Salt Lake City, Las Vegas and Albuquerque. The...

Roundhouse Agency to Relocate HQ to Creative Office Campus Custom Blocks
Creative marketing firm Roundhouse Agency is relocating its headquarters to Custom Blocks, a repurposed creative office campus in Portland, Oregon’s Central Eastside Industrial District. The firm signed a 16,000-square-foot lease with the project...

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