{"id":1004168645,"date":"2017-03-08T06:46:18","date_gmt":"2017-03-08T14:46:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004168645"},"modified":"2022-12-08T21:21:46","modified_gmt":"2022-12-09T05:21:46","slug":"hff-arranges-99m-financing-for-iconic-portland-office-tower","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-99m-financing-for-iconic-portland-office-tower\/","title":{"rendered":"HFF Arranges $99M Financing for Iconic Portland Office Tower"},"content":{"rendered":"<p>By Alexandra Pacurar<\/p>\n<div id=\"attachment_1004168647\" style=\"width: 250px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Pacwest-Center.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004168647\" data-attachment-id=\"1004168647\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-99m-financing-for-iconic-portland-office-tower\/pacwest-center-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Pacwest-Center.jpg\" data-orig-size=\"256,320\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Pacwest-Center\" data-image-description=\"&lt;p&gt;Pacwest Center&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Pacwest Center&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Pacwest-Center.jpg?w=256\" class=\"wp-image-1004168647 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Pacwest-Center.jpg\" alt=\"Pacwest Center\" width=\"240\" height=\"300\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Pacwest-Center.jpg 256w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Pacwest-Center.jpg?resize=240,300 240w\" sizes=\"auto, (max-width: 240px) 100vw, 240px\" \/><\/a><p id=\"caption-attachment-1004168647\" class=\"wp-caption-text\">Pacwest Center<\/p><\/div>\n<p><strong>Portland, Ore.<\/strong>\u2014HFF brokered a $98.5 million financing deal for Pacwest Center, a 30-story office building in Portland\u2019s central business district. HFF represented the borrower, LPC Realty Advisors I LP, on behalf of a pension fund client, to secure the five-year, fixed-rate acquisition loan through a national insurance company. Senior Managing Director Tom Wilson and Associate Director Erica Christensen led the debt placement team.<\/p>\n<p>The 550,000-square-foot property is located at 1211 SW 5th Ave., in the heart of Portland\u2019s 57-block Transit Mall. The Energy Star-rated office tower features 413 parking spaces through valet and self-parking. The office building is 76 percent leased and counts Merrill Lynch, Markowitz Herbold, Schwabe, Key Bank of Oregon and Perkins &amp; Company among its tenants.<\/p>\n<p>HFF also arranged the sale of the property\u2013the <a href=\"https:\/\/www.commercialsearch.com\/news\/hff-seals-largest-portland-office-deal-in-2016\/\" target=\"_blank\" rel=\"noopener\">largest commercial office transaction in Portland<\/a> last year\u2013on behalf of the seller, The Ashforth Co. and an institutional investor, for $170 million. LPC Realty Advisors I LP plans to renovate the tower and modernize the common spaces, the main lobby and shared amenities.<\/p>\n<p>Pacwest Center is surrounded by more than one million square feet of development currently underway, including Broadway Tower and 1320 Broadway.<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 2016 sale of Pacwest Center was the largest commercial transaction in Portland.<\/p>\n","protected":false},"author":236,"featured_media":1004168647,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21742,21747,28440,15],"tags":[32792,33233,34338,34339],"class_list":["post-1004168645","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-latest","category-office","category-portland","category-west","tag-hff","tag-lpc-realty-advisors-i-lp","tag-pacwest-center","tag-the-ashforth-company"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>HFF Arranges $99M Financing for Iconic Portland Office Tower - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-99m-financing-for-iconic-portland-office-tower\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HFF Arranges $99M Financing for Iconic Portland Office Tower\" \/>\n<meta property=\"og:description\" content=\"The 2016 sale of Pacwest Center was the largest commercial transaction in Portland.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-99m-financing-for-iconic-portland-office-tower\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-08T14:46:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T05:21:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Pacwest-Center.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"256\" \/>\n\t<meta property=\"og:image:height\" content=\"320\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alexandra Both\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-99m-financing-for-iconic-portland-office-tower\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-99m-financing-for-iconic-portland-office-tower\/\",\"name\":\"HFF Arranges $99M Financing for Iconic Portland Office Tower - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-99m-financing-for-iconic-portland-office-tower\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-99m-financing-for-iconic-portland-office-tower\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Pacwest-Center.jpg\",\"datePublished\":\"2017-03-08T14:46:18+00:00\",\"dateModified\":\"2022-12-09T05:21:46+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/92454aa9920287f97bb7f9888b2836f7\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-99m-financing-for-iconic-portland-office-tower\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-99m-financing-for-iconic-portland-office-tower\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-99m-financing-for-iconic-portland-office-tower\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Pacwest-Center.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Pacwest-Center.jpg\",\"width\":256,\"height\":320,\"caption\":\"Pacwest Center\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-99m-financing-for-iconic-portland-office-tower\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"HFF Arranges $99M Financing for Iconic Portland Office Tower\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/92454aa9920287f97bb7f9888b2836f7\",\"name\":\"Alexandra Both\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b4b29ecfcc757dc9cc23f2ffb2e0db3f57467a73d494f764cffaf85980db498a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b4b29ecfcc757dc9cc23f2ffb2e0db3f57467a73d494f764cffaf85980db498a?s=96&d=mm&r=g\",\"caption\":\"Alexandra Both\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/alexandrapacurar\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"HFF Arranges $99M Financing for Iconic Portland Office Tower - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-99m-financing-for-iconic-portland-office-tower\/","og_locale":"en_US","og_type":"article","og_title":"HFF Arranges $99M Financing for Iconic Portland Office Tower","og_description":"The 2016 sale of Pacwest Center was the largest commercial transaction in Portland.","og_url":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-99m-financing-for-iconic-portland-office-tower\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2017-03-08T14:46:18+00:00","article_modified_time":"2022-12-09T05:21:46+00:00","og_image":[{"width":256,"height":320,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Pacwest-Center.jpg","type":"image\/jpeg"}],"author":"Alexandra Both","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-99m-financing-for-iconic-portland-office-tower\/","url":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-99m-financing-for-iconic-portland-office-tower\/","name":"HFF Arranges $99M Financing for Iconic Portland Office Tower - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-99m-financing-for-iconic-portland-office-tower\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-99m-financing-for-iconic-portland-office-tower\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Pacwest-Center.jpg","datePublished":"2017-03-08T14:46:18+00:00","dateModified":"2022-12-09T05:21:46+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/92454aa9920287f97bb7f9888b2836f7"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-99m-financing-for-iconic-portland-office-tower\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/hff-arranges-99m-financing-for-iconic-portland-office-tower\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-99m-financing-for-iconic-portland-office-tower\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Pacwest-Center.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Pacwest-Center.jpg","width":256,"height":320,"caption":"Pacwest Center"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-99m-financing-for-iconic-portland-office-tower\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"HFF Arranges $99M Financing for Iconic Portland Office Tower"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/92454aa9920287f97bb7f9888b2836f7","name":"Alexandra Both","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b4b29ecfcc757dc9cc23f2ffb2e0db3f57467a73d494f764cffaf85980db498a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b4b29ecfcc757dc9cc23f2ffb2e0db3f57467a73d494f764cffaf85980db498a?s=96&d=mm&r=g","caption":"Alexandra Both"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/alexandrapacurar\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Pacwest-Center.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004168645","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/236"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004168645"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004168645\/revisions"}],"predecessor-version":[{"id":1004615871,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004168645\/revisions\/1004615871"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004168647"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004168645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004168645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004168645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}