Portland
Carlson Rezidor Hotel Group Signs New Radisson RED in Downtown Portland
The 180-key hotel is scheduled to open within Portland’s Broadway Tower in mid-2018.
ZOOM+ Announces Relocation to Downtown Portland
The innovative healthcare company is leaving Hillsboro and moving its 300 employees to downtown Portland.
KBS Names New Vice President of Asset Management for Two West Coast Markets
KBS Realty Advisors has announced that it has promoted one of its own to a position of management.
Garden-Style Multifamily Property Near Portland Acquired for $49.5M
A residential community in the proximity of Portland recently traded hands in a deal worth $49.5 million. Aukum Management LLC acquired the multifamily asset from a private investor, free and clear of existing debt. The transaction was arranged by a Holiday Fenoglio Fowler led by managing director Ira Virden and Associate Director Kerry Hughes. HFF carried out the marketing of the Canyon Creek property.
LOCA Development on Portland’s Central Eastside Receives $74M in Construction Financing
U.S. Bank recently announced that it has closed on a $74 million construction loan with developer Killian Pacific for a Portland development project. A Central Eastside site that has stood unoccupied by nothing but a herd of goats, is now finally set to be developed. Killian is finally ready to commence construction of the LOCA mixed-use development at the site that is currently known by Portland residents as the “Goat Blocks”.
Seattle, Portland Experience Major Home Price Growth
The Pacific Northwest has seen its real estate market soar over the past few years with good employment numbers and development driving the two major cities anchoring the area: Seattle and Portland. The housing market is now experiencing growth in both cities, with home prices soaring over the past few quarters.
Apartment Complex Trades Hands Near Nike World HQ, Intel Campus
A joint venture between PCCP, LLC and Security Properties recently completed the acquisition of a Beaverton, OR multifamily asset. The purchase was made through Security’s Security Properties Multifamily Fund II, for a total of $39 million. The acquisition is part of a recent shopping spree completed by Security, with eight assets being purchased recently.
HFF Secures $71M in Financing for Block 67 Project at Burnside Bridgehead
An apartment tower development project in downtown Portland is now underway as financing is now in place for the development team consisting of Guardian Real Estate Services and Key Development Corporation. The funds totaling approximately $71.75 million were provided by financing company Holiday Fenoglio Fowler.
Portland’s Block 300 Receives LEED Gold Certification as Leasing Continues at Newly Renovated Asset
Block 300 in Portland, one of the most high-profile office properties in the Pacific Northwest city has recently completed a major milestone. The property was awarded with LEED Gold certification for Existing Buildings: Operations & Maintenance by the United States Green Building Council. The certification is a result of the recent modifications brought to the asset, a recent renovation process having been carried out at the facility by the owning joint venture between JPMorgan, Starwood Capital Group, and Kaufman Jacobs.
Portland Residential Community Trades Hands for $50M
A California-based multifamily investment firm recently completed the acquisition of a Portland, OR asset, as HFO Investment Real Estate reports. According to the investment brokerage firm, the Monterey Springs Apartments in Clackamas County traded hands for a total fee of around $51.25 million. HFO was in charge of arranging the transaction on behalf of both the buyer, and the seller, a private equity group from the Midwest.