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Commercial Real Estate News
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05/21/2018
Portland’s More Expensive Office Space Exhibiting Stronger Rent Growth
Pictured: Broadway Tower at 1455 Broadway in Portland. Amazon.com preleased 84,000 square feet in the building scheduled for completion this fall. Portland office rents exhibit strong growth, particularly for luxury 4- and 5-Star space in the Central...

05/21/2018
Diamond Realty Backing Alamo Manhattan in Development of 347-Unit Multifamily Complex in Downtown Portland
Credit: GBD Architects Dallas-based developer Alamo Manhattan secured a $47.37 million joint venture equity partnership with Diamond Realty Investments, the real estate investment arm of Mitsubishi Corp., to complete 100 Columbia, a 347-unit multifamily...

05/17/2018
San Diego-Based REITs Maintain Calm Amid Retail Storms
Recent acquisitions by San Diego-based Retail Opportunity Investments Corp. include the King City Plaza shopping center in Oregon, which the company said is under contract for $15.6 million. Amid the assault from Amazon.com, continued chain-store closures...

05/15/2018
Portland’s Creative Office Space Popular with Developers, Tenants and Investors
Towne Storage, a creative office buidling at 17 SE 3rd Ave. in Portland, OR, traded for $627 per square foot last month - among one of the most expensive per square foot office deals to close in the city. At the end of April, Towne Storage sold for a...

05/08/2018
The Rise of Speculative Industrial Space in the East Columbia Corridor
Pictured: Vista Logistics Park in Gresham, ORCredit: Capacity Commercial Group Throughout the cycle, Portland’s most substantial industrial projects have been build-to-suits, including massive facilities for Intel, Amazon, Subaru and the United States...

05/07/2018
BBG Acquires Integra Realty Offices in Portland, Vancouver
BBG named former Integra Realty executive Owen Bartels as senior managing director Dallas-based BBG has acquired Integra Realty Resources (IRR) offices in Portland and Vancouver, WA, bringing aboard a combined 16 professionals to the expanding valuation...

04/30/2018
CBRE Global Investors Acquires Towne Storage Bldg. in Lloyd District
CBRE Global Investors acquired the historic Towne Storage office building in Portland, OR for an undisclosed price. The Los Angeles-based investor acquired the five-story building from an entity owned by Westport Capital Partners LLC. The original...

04/30/2018
Build-to-Suits Leading the Way in Portland Office Expansion
Aerial image of Nike's HQ expansion site in Beaverton, OR, taken in December 2015. The HQ expansion is slated to be completed by this summer. The massive amount of new office construction in Portland is being driven by demand for build-to-suits. CoStar...

04/24/2018
Thompson Joins ARA Newmark as Senior Managing Director
Lydia Thompson joined ARA Newmark in Portland, OR as senior managing director. In her new role, she will be responsible for originating and managing multifamily investment sales across the region. Prior to joining ARA, Thompson was a senior director...

04/23/2018
RLH Sells Red Lion Inn & Suites Bend for $5.5 Million
Red Lion Hotels Corp. (NYSE: RLH) sold the Red Lion Inn & Suites at 1415 NE 3rd St. in Bend, OR to a private investor for $5.5 million, or about $73,000 per room. This sale marks the sixth of 11 hotels being marketed for sale by RLH, in part of an...

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