Security Properties, Chinese Investors
Snap Up PepsiCo Facility Site,
Plan Eastside Urban Village
A JV between Security Properties Development Co. and Beijing Jade Investment Group acquired the PepsiCo Distribution Center on Portland's Eastside for an unspecified price recently. The investors are putting together plans for an urban village on the five acres.
The companies plan to redevelop the site under the City of Portland's Large Site Master Plan designation, offering market-rate and affordable housing, office, retail and other property types over the next several years.
Security Properties, which will serve as master…
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Salesforce's Top Floor Amenity Is A Rarity In Office Design
Salesforce is adding an amenity not seen in many tech offices. Instead of using the top floor for executive suites, Salesforce is creating Ohana Floors for employees, customers, partners and the local community to use, according to Salesforce Executive Vice President, Real Estate Elizabeth Pinkham.
The company recently debuted its first Ohana Floor in Salesforce East at 350 Mission in San Francisco. The community areas offer 360-degree views and will be opening in Salesforce Towers in San Francisco, New York, Indianapolis and London. These floors will host…
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As CRE Lending Digitizes, Investors And Developers Bring Big Projects Online
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RealtyShares |
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A number of CRE processes are now digitizing, some leading to modest increases in efficiency, others revolutionizing entire sectors. Online marketplaces that connect lenders and developers fall into the latter category. Crowdfunding is no longer just for startups, and the concept…
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Amazon Wants Cities To Compete For Its New $5B North American Headquarters
E-commerce king Amazon.com Inc. has opened its search for a North American site to build a second $5B headquarters, where it will employ an additional 50,000 high-paid employees.
The tech giant has issued a request for proposals and is soliciting bids from state governments and local officials interested in bringing the new campus to their community. The RFP mentions that incentives offered by bidders will be “significant factors” in…
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Americans' Active Lifestyle Is Driving Innovation In Luxury Lodging Industry
When it comes to the hotel and resort industry, luxury is taking on a different meaning.
A strong economy combined with the desire to engage in outdoor experiences is leading residents to seek vacations in amenity-rich markets that offer the allure of an active lifestyle.
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