<rss version="2.0" xmlns:ynewsrss="http://news.yahoo.com/rss.html"><channel><title><![CDATA[Portland Commercial Real Estate News From CoStar Group]]></title><link><![CDATA[http://www.costar.com/]]></link><description><![CDATA[CoStar Group, Inc. is the leading provider of information services to commercial real estate property investors and sales professionals in the United States and United Kingdom. CoStar's suite of services offers access to the most comprehensive database of commercial real estate information and commercial property listings available in its markets.]]></description><language><![CDATA[en]]></language><category domain="Yahoo"><![CDATA[Business/Real_Estate_and_Housing]]></category><ttl>15</ttl><image><title><![CDATA[CoStar Group, Inc.]]></title><link><![CDATA[http://www.costar.com/]]></link><url><![CDATA[http://www.costar.com/SharedFiles/Common/images/logos/CoStarGroup112.gif]]></url></image><item><title><![CDATA[Lassam Terrace Sells for $2.7M]]></title><link><![CDATA[http://www.costar.com/News/Article/Lassam-Terrace-Sells-for-$27M/148657?ref=/News/Article/Lassam-Terrace-Sells-for-$27M/148657&src=rss]]></link><description><![CDATA[A group of investors taking title as tenants in common purchased the Lassam Terrace apartments located at 2160 SE 96th Ave. in Portland, OR for $2.7 million, or $75,000 per unit, from private investors.

The 34,500-square-foot multifamily building was delivered in 2001 in the Mall 205 submarket of Multnomah County. It was 92 percent occupied at the time of sale, comprised of 36 two-bedroom units with asking rents of $750 per month.

Gregory Frick...]]></description><author><![CDATA[Justin Tochtermann <news@costar.com>]]></author><pubDate><![CDATA[Wed, 22 May 2013 10:48:22 GMT]]></pubDate></item><item><title><![CDATA[Best Western Trades for $2.3M]]></title><link><![CDATA[http://www.costar.com/News/Article/Best-Western-Trades-for-$23M/148665?ref=/News/Article/Best-Western-Trades-for-$23M/148665&src=rss]]></link><description><![CDATA[Young Jin LLC acquired the hospitality building at 1601 Gateway Blvd. in Cottage Grove, OR from Sumukh Hospitality LLC for $2.31 million, or roughly $55,000 per unit. 

Constructed in 1993, the 42-room Best Western motel sits on nine-tenths of an acre in Lane County.  In addition, the two-story, 29,274-square-foot hospitality building has 40 parking spaces.

Ben Rivers and Debbie Rivers of North Coast Properties, Inc. represented the seller....]]></description><author><![CDATA[Rafi Moskowitz <news@costar.com>]]></author><pubDate><![CDATA[Wed, 22 May 2013 02:19:45 GMT]]></pubDate></item><item><title><![CDATA[Portland 7-Eleven Trades for $4M]]></title><link><![CDATA[http://www.costar.com/News/Article/Portland-7-Eleven-Trades-for-$4M/148663?ref=/News/Article/Portland-7-Eleven-Trades-for-$4M/148663&src=rss]]></link><description><![CDATA[The J.E. O’Connor Revocable Living Trust acquired 4705 NE Columbia Blvd. in Portland, OR from MAJ Columbia 4705 LLC and BRAE Columbia Blvd LLC for $4 million.   Included in the sale was the land, retail building, and business value of a 7-11 convenience store, a Subway restaurant franchise location, and a small coffee shop.

The multi-tenant retail store totals 6,250 square feet and sits on nine-tenths of an acre in Multnomah County.  The site is...]]></description><author><![CDATA[Rafi Moskowitz <news@costar.com>]]></author><pubDate><![CDATA[Wed, 22 May 2013 02:07:04 GMT]]></pubDate></item><item><title><![CDATA[Amer Sports Leases 13,000 SF]]></title><link><![CDATA[http://www.costar.com/News/Article/Amer-Sports-Leases-13000-SF/148706?ref=/News/Article/Amer-Sports-Leases-13000-SF/148706&src=rss]]></link><description><![CDATA[Amer Sports, an international sporting goods company, leased 13,280 square feet at 1233 NW 12th Ave. in Portland, OR.  The public firm will relocate its Portland Design Center from nearby Flanders St.

The two-story, 80,000-square-foot <a href="http://www.showcase.com/Office-building" target="_blank">office building</a> was converted in 2004 from an industrial property originally built in 1939.  It is located on nine-tenths of an acre at the corner of 12th and Northrup in Portland's CBD, within walking distance of...]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Mon, 20 May 2013 08:48:00 GMT]]></pubDate></item><item><title><![CDATA[CoStar's People of Note (May 12 - 18)]]></title><link><![CDATA[http://www.costar.com/News/Article/CoStars-People-of-Note-May-12-18/148651?ref=/News/Article/CoStars-People-of-Note-May-12-18/148651&src=rss]]></link><description><![CDATA[This week's People of Note includes the following markets: Detroit, Charlotte, Phoenix, New York, Charleston, South Florida, and San Diego.
 
DETROIT
Farbman Group Promotes Gutman, Kalil 
By Tim Heise

Farbman Group, a Southfield, MI-based, full-service real estate solutions company, has promoted CFO Andrew Gutman to president of the company. Gutman joined Farbman Group more than 18 years ago. He has worked in several areas of ]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Fri, 17 May 2013 09:02:42 GMT]]></pubDate></item><item><title><![CDATA[Market Trend:  Portland's Industrial Deliveries, Construction and Inventory]]></title><link><![CDATA[http://www.costar.com/News/Article/Market-Trend-Portlands-Industrial-Deliveries-Construction-and-Inventory/148637?ref=/News/Article/Market-Trend-Portlands-Industrial-Deliveries-Construction-and-Inventory/148637&src=rss]]></link><description><![CDATA[During the first quarter of 2013, four buildings totaling 226,990 square feet were completed in the Portland Industrial market area. 

This compares to no completions in the fourth quarter of 2012, three buildings totaling 436,975 square feet completed in the third quarter 2012, and one building totaling 25,000 square feet completed in the second quarter 2012.

There were 1,858,000 square feet of <a href="http://www.showcase.com/industrial-space" target="_blank">Industrial space</a> under construction at the end...]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Thu, 16 May 2013 07:33:32 GMT]]></pubDate></item><item><title><![CDATA[Facility Closures & Downsizings: Livermore Labs Calls for Pre-Emptive Voluntary Retirements]]></title><link><![CDATA[http://www.costar.com/News/Article/Facility-Closures-Downsizings-Livermore-Labs-Calls-for-Pre-Emptive-Voluntary-Retirements/148582?ref=/News/Article/Facility-Closures-Downsizings-Livermore-Labs-Calls-for-Pre-Emptive-Voluntary-Retirements/148582&src=rss]]></link><description><![CDATA[Lawrence Livermore National Laboratory will offer a voluntary separation program for up to 600 employees, director Parney Albright announced last week as a means to address budget challenges in fiscal year 2014.

"Although there remain a number of unknowns about how the budget request for FY14 would flow down to our laboratory, it is clear the budget proposal will face an uphill battle in Congress this summer, with continuing debates about reducing...]]></description><author><![CDATA[Mark Heschmeyer <news@costar.com>]]></author><pubDate><![CDATA[Tue, 14 May 2013 07:13:54 GMT]]></pubDate></item><item><title><![CDATA[Portland 7-11 Trades for $1.7M]]></title><link><![CDATA[http://www.costar.com/News/Article/Portland-7-11-Trades-for-$17M/148442?ref=/News/Article/Portland-7-11-Trades-for-$17M/148442&src=rss]]></link><description><![CDATA[Blue LEI St. Johns LLC acquired the retail building at 8157 N. Lombard St. in Portland, OR from a group of private investors for approximately $1.72 million. 

The 7-Eleven opened in the third quarter of 2012 under a 15-year lease term. Sitting on 10,000 square-feet of land, the convenience store totals 3,000 square feet. The existing business, as well as the land, was transferred in the sale. 

Jeff Olson of Commercial Realty Advisors NW represented...]]></description><author><![CDATA[Rafi Moskowitz <news@costar.com>]]></author><pubDate><![CDATA[Tue, 14 May 2013 03:46:53 GMT]]></pubDate></item><item><title><![CDATA[Onder Development Sells Portland Restaurant]]></title><link><![CDATA[http://www.costar.com/News/Article/Onder-Development-Sells-Portland-Restaurant/148325?ref=/News/Article/Onder-Development-Sells-Portland-Restaurant/148325&src=rss]]></link><description><![CDATA[J2KM LLC acquired the retail property at 1910 SW River Dr. in Portland, OR from Onder Development Co. for $2.75 million, or about $359 per square foot. 

The restaurant building was delivered in 2007 in the South Waterfront district.  The steel building features glass curtain walls that overlook the Willamette River.

Lisa LaManna and Marshall Proehl of Pate LaManna Commercial LLC handled the deal for the seller.  Ryan O'Leary with Marcus & Millichap...]]></description><author><![CDATA[Justin Tochtermann <news@costar.com>]]></author><pubDate><![CDATA[Tue, 14 May 2013 02:45:33 GMT]]></pubDate></item><item><title><![CDATA[Logan Co Buys 7,000-SF Retail Bldg]]></title><link><![CDATA[http://www.costar.com/News/Article/Logan-Co-Buys-7000-SF-Retail-Bldg/148261?ref=/News/Article/Logan-Co-Buys-7000-SF-Retail-Bldg/148261&src=rss]]></link><description><![CDATA[The Logan Company purchased the retail building at 2727 Lancaster Dr. NE in Salem, OR for $1.78 million, or about $270 per square foot. 

The 6,600-square-foot building is part of the Lancaster Promenade Community Center located right off of U.S. I-5 in the Marion County submarket. It was 100 percent occupied at the time of sale.

Jennifer Martin and Chris Fischer of Sperry Van Ness Commercial Advisors LLC represented the seller.  Brendan Powell...]]></description><author><![CDATA[Justin Tochtermann <news@costar.com>]]></author><pubDate><![CDATA[Mon, 13 May 2013 07:43:39 GMT]]></pubDate></item><item><title><![CDATA[Simpson Housing Sells Hawthorne East Apts]]></title><link><![CDATA[http://www.costar.com/News/Article/Simpson-Housing-Sells-Hawthorne-East-Apts/147574?ref=/News/Article/Simpson-Housing-Sells-Hawthorne-East-Apts/147574&src=rss]]></link><description><![CDATA[Simpson Housing LP sold the 71-unit Hawthorne East Apartments at 1420 SE 16th Ave. in Portland, OR to Northwest Housing Alternatives, Inc. for $6.2 million, or about $87,000 per unit. 

The 40,825-square-foot multifamily building is a seven-story masonry structure delivered in 1982.  It is designated for affordable apartment units, and was 99 percent occupied at the time of sale.

Rick Funk and Steve Morris of Sperry Van Ness Bluestone & Hockley...]]></description><author><![CDATA[Justin Tochtermann <news@costar.com>]]></author><pubDate><![CDATA[Mon, 13 May 2013 06:42:21 GMT]]></pubDate></item><item><title><![CDATA[CoStar's People of Note (May 5 - 11)]]></title><link><![CDATA[http://www.costar.com/News/Article/CoStars-People-of-Note-May-5-11/148478?ref=/News/Article/CoStars-People-of-Note-May-5-11/148478&src=rss]]></link><description><![CDATA[This week's People of Note includes the following markets: Los Angeles, Minneapolis, Washington DC, New Jersey, Chicago, New York, and Indianapolis.
 
LOS ANGELES
Diaz Returns to Cushman & Wakefield 
By Allison Smith

Lalo Diaz has returned to Cushman & Wakefield, Inc. as a market leader for the Downtown Los Angeles market. In his new role Diaz will be responsible for overseeing day-to-day activities, recruitment goals, an]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Fri, 10 May 2013 08:11:27 GMT]]></pubDate></item><item><title><![CDATA[Market Trend:  Portland's Retail Deliveries, Construction and Inventory]]></title><link><![CDATA[http://www.costar.com/News/Article/Market-Trend-Portlands-Retail-Deliveries-Construction-and-Inventory/148459?ref=/News/Article/Market-Trend-Portlands-Retail-Deliveries-Construction-and-Inventory/148459&src=rss]]></link><description><![CDATA[During the first quarter 2013, four buildings totaling 23,879 square feet were completed in the Portland retail market. 

Over the past four quarters, a total of 395,824 square feet of <a href="http://www.showcase.com/retail-space" target="_blank">retail space</a> has been built in Portland.  In addition to the current quarter, five buildings with 259,780 square feet were completed in fourth quarter of 2012, four buildings totaling 49,228 square feet completed in third quarter of 2012, and 62,937 square feet in...]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Fri, 10 May 2013 04:16:39 GMT]]></pubDate></item></channel></rss>