Portland developer plans apartment complex in Reno...The Portland office of Capstone Partners LLC announced this week that it has reclaimed a 9.27-acre former drinking water treatment plant near downtown Reno, Nev., and will turn the property into a 218- unit luxury apartment complex...(to see full story click here).

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NBS equity fund targets regional market...A real estate investment strategy that works on a national level is being scaled back to fit the Pacific Northwest, with a new private equity fund created by NBS Real Estate Capital...(to see full story click here).

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GlobeSt.com
9/20/04

NBS Fund Invests $20 million in office building ....A discretionary real estate fund of locally based NBS Real Estate Capital acquires 100 W Liberty St., a 12-story, 150,000-sf class A high rise and a 100,000-sf parking structure in Downtown Reno...(to see full story click here).

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Portland firms that purchased downtown office building look for more...The Portland investment groups that purchased the office building at 100 W. Liberty St. — commonly known as the Porsche building — last week said they’re on the hunt for more properties in northern Nevada...(to see full story click here).

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Capstone Partners-NBS...The principals of Capstone Partners LLC, with offices in Reno, and NBS Real Estate Capital have completed the acquisition of 100 West Liberty St. in downtown Reno for $20 million. It is a 12-story, 150,000-square-foot Class A high-rise office building and 100,000-square-foot parking structure...(to see full story click here).

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Northwest investors purchase Reno highrise...Two Northwest real estate investment firms have paid $20 million for a prominent office building in downtown Reno, Nev...(to see full story click here).

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Principals pull the plug on $50M property fund...Principals of Seattle-based Meriwether Partners have pulled the plug on plans to raise $50 million for a private regional real estate investment fund, leaving the Northwest with just one regional fund targeting smaller commercial properties...(to see full story click here).

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NBS Fund completes first closing...Morrison Street Fund I LP, a private equity fund that willmake mezzanine and value-added real estate investmentsthroughout the Pacific Northwest, has completed its initialclosing with $10.8 million of equity...(to see full story click here).