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Seattle-Based Investor Buys First Ever Apt. Complex in Bend for $45.5 Million
A Seattle-based investor made its first ever purchase in Bend, OR, an up-and-coming city anchored by a variety of biomedical companies, national-scale microbreweries and Silicon Valley tech transplants. Security Properties recently acquired the 228...

Hawthorne Hydroponics Leases 125,000 SF at Port Industrial Bldg. in Vancouver, WA
Hawthorne Hydroponics signed a 124,768-square-foot lease at the Port Industrial Building, adjacent to the Port of Vancouver, WA, on a five-year term. The tenant, a subsidiary of ScottsMiracle-Gro, will be joining Sunlight Suppply (which was recently...

Absorption is Strong, Rent Growth Improving in Portland Despite Supply Wave
Estimated to deliver by the end of 2019, the 232-unit Sellwood Apartments is the largest under-construction multifamily project in Southeast Portland. In the first half of 2018, 3,077 new market-rate apartment units delivered across the Portland, OR...

Orleans Apts. Trades for $5.7 Million
A private investor taking title as Orleans East Burns LLC acquired the Orleans Apartments in Portland's Kerns neighborhood from a local owner for $5.65 million or $182,000 per unit. Located at 723-737 E. Burnside St., the three-story multifamily complex...

Cardinal Group Acquires 244-Bed Arena District in Eugene
Glendale, CO-based developer and investor Cardinal Group Investments LLC purchased the 244-bed Arena District student housing complex in Eugene, OR from a private investor taking title as 15th & Walnut Investors LLC for an undisclosed price. Cardinal...

Concessions on the Rise for Portland Apartments
Couch9, a 136-unit apartment complex in downtown Portland.Though Portland’s economy is strong and many new residents continue moving into the area, lease-up for new luxury apartment buildings is becoming a bit challenging, causing communities to offer...

JV Snags 46,000-SF Warehouse in Southeast Portland in Redevelopment Play
A joint venture between ScanlanKemperBard Cos. (SKB), Tryba Architects and Lorentz Bruun Construction acquired a 46,000-square-foot warehouse in southeast Portland from a private investor for $6.3 million, or about $137 per square foot. Located at...

Georgia Pacific Inks 607,000-SF Lease Renewal in Portland
Georgia Pacific Corp., a paper manufacturer headquartered in Atlanta, signed a 607,000-square-foot lease renewal at 14005 N Lombard St. in Portland, OR with the landlord, Multi-Employer Property Trust (MEPT). Located within the Rivergate Corporate...

Blackstone Grabs NorCal-Oregon Portfolio in $94 Million Deal
Blackstone’s enormous Real Estate Income Trust has acquired a two-property portfolio in Oregon and Northern California. The REIT acquired the 211-unit Sierra Oaks in Turlock, CA, and the 264-unit Columbia Trails Apartments in Gresham, OR, for about...

Trammell Crow Co. Sells 16-Acre Parcel in Tigard for $8.1 Million
Dallas-based Developer Trammell Crow Co. sold a 16-acre site at the corner of SW Hunziker St. and Wall St. in Tigard, OR for $8 million, or about $504,000 per acre. The 16-acre parcel, located within the Wall Street Industrial park, was originally...

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