REBusinessOnline

Pathfinder Partners Sells Sienna Lofts Apartment Community in Portland for $14M

PORTLAND, ORE. — San Diego-based Pathfinder Partners has completed the disposition of Sienna Lofts, a multifamily property located in Portland’s Gresham neighborhood. San Diego-based Street Properties LLC and Street Properties Inc. acquired the asset for $14 million. Located at 22744 S.E. Stark St., Sienna Lofts features eight studio units, 63 one-bedroom units and four two-bedroom units, with an average unit size of 747 square feet. The apartments feature stainless steel appliances, …

Columbia Distributing to Develop 530,000 SF Warehouse in Metro Portland

CANBY, ORE. — Columbia Distributing, along with joint venture partners Meritage and Trammell Crow Co., plans to develop a new warehouse at the intersection of Southeast First Avenue and South Walnut in Canby. The 530,000-square-foot facility will consolidate the beverage distributor’s three current locations on Portland’s Swan Island, Northwest Yeon Avenues and Northwest Guam Street. Situated on 43 acres, the property is slated for completion in fall 2020. Tualatin, Ore.-based Perlo …

Goldman Sachs, Lincoln Property Acquire 287,216 SF Field Office Mixed-Use Project in Portland for $118M

PORTLAND, ORE. — A joint venture between the Merchant Banking Division of Goldman Sachs and Lincoln Property Co. has purchased Field Office, a Class A mixed-use project along River Promenade in Portland’s Pearl District. A venture between National Real Estate Advisors and Project^, which developed the property, sold the asset for $118 million. Completed last year, Field Office features a total of 287,216 square feet of office and retail space. The property includes flexible floor plans, …

Marcus & Millichap Negotiates $1.7M Sale of Stayton Apartments in Oregon

STAYTON, ORE. — Marcus & Millichap has arranged the sale of Stayton Apartments, an apartment property located at 1340 W. Locus St. in Stayton. An Oregon-based buyer acquired the property for $1.7 million in an exchange. Built in 1998, the property features 16 two-bedroom/one-bathroom flats. Danalee Corso and Whitney Rhoades of Marcus & Millichap’s Portland, Ore., office represented the seller, a limited liability company, in the

CBRE Arranges $61M Acquisition Financing for Portland-Area Seniors Housing Portfolio

LAKE OSWEGO AND WILSONVILLE, ORE. — CBRE has arranged $61 million in financing for the acquisition of The Springs at Carman Oaks in Lake Oswego and The Springs Wilsonville in Wilsonville, both seniors housing communities in the greater Portland area. The borrower was The Springs Living, which sought to buy out its partner on the properties and become sole owner. Springs initially purchased the communities in 2012 with an institutional equity partner, and subsequently repositioned the …

Dermody Properties Buys 108,698 SF Distribution Building in Oregon

WILSONVILLE, ORE. — Dermody Properties has acquired Kinsman Logistics Center, a distribution facility located at 27150 S.W. Kinsman Road in Wilsonville. Situated on 8 acres, the 108,698-square-foot property features a 30-foot interior clear heights, EFSR sprinklers, 18 dock-high loading doors, two grade-level doors, generous truck courts and ample parking for automobiles and trailers. At the time of sale, the property was fully leased to Aosom LLC, an online retailer of home décor and …

Compass Commercial Negotiates $2.3M Sale of Industrial Building in Central Oregon

REDMOND, ORE. — Compass Commercial Real Estate Services has negotiated the $2.3 million sale of an industrial building located in Redmond, approximately 20 miles northeast of Bend, Ore. Located at 2050 SW Deerhound Ave., the property features 13,602 square feet of industrial space. Bruce Churchill of Compass Commercial represented the undisclosed buyer and undisclosed seller in the

Intercontinental Real Estate Buys 72,130 SF Office/Retail Building in Portland

PORTLAND, ORE. — Intercontinental Real Estate Corp., on behalf of its managed fund U.S. Real Estate Investment Fund, has acquired the 72,130-square-foot office and retail portion of the Heartline Condominium. The price was not disclosed. Located at 1241 NW Johnson St., Heartline is part of a master-planned, mixed-use residential and commercial development within Portland’s Pearl District. Completed in 2018, the property features 61,659 square feet of office space and 10,471 square …

Compass Commercial Real Estate Brokers $2.3M Sale of Industrial Building in Oregon

REDMOND, ORE. — Compass Commercial Real Estate Services has arranged the sale of an industrial property in Redmond. Located at 2050 SW Deerhound Ave., the property features 13,602 square feet of industrial space. Bruce Churchill of Compass Commercial Real Estate Services represented the undisclosed buyer and seller in the

SRS Negotiates $3.2M Sale of Grocery-Anchored Retail Property in Oregon

REEDSPORT, ORE. — SRS Real Estate Partners’ National Net Lease Group has arranged the sale of a newly renovated retail property, located at 1300 U.S. 101 in the small, coastal city of Reedsport. An Oregon-based developer sold the property to an Oregon-based private family trust for $3.2 million. McKay’s Market and Dollar Tree each recently signed 10-year triple-net leases to occupy the 27,011-square-foot building. Patrick Luther, Matthew Mousavi and Ron Dowhaniuk of SRS Real Estate …

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