REBusinessOnline

Silver Group Directs Sale of Dollar General-Occupied Retail Building in Turner, Oregon

TURNER, ORE. — The Silver Group has brokered the sale of a single-tenant retail property located in Turner. Terms of the deal were not released.The asset consists of a newly constructed 9,800-square-foot retail building situated on 1.4 acres of land. Dollar General occupies the property on a long-term, absolute net lease.Barry Silver and Greg Cunha of The Silver Group handled the transaction.

Portland, Oregon Multifamily Fundamentals Wobble, but Remain Healthy Overall in June

Five months into the pandemic, fissures are beginning to form in the foundation of the multifamily market. Through the spring leasing season, liquidity from enhanced unemployment insurance benefits and a yearning for stability in uncertain times were enough to maintain occupancy near pre-coronavirus levels and to provide something of a buttress for rents. As spring turned to summer, however, winds seemed to change direction, tenant patience began to fray and property performance waned.West …

Blueprint Arranges Sale of 190-Unit Seniors Housing Community in Salem, Oregon

SALEM, ORE. — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 190-unit seniors housing campus in Salem.The community features 94 independent living apartments, 22 cottages and 72 assisted living units. At the time it was put on the market, the property generated a 30 percent profit margin and was still 94 percent occupied despite the pandemic, according to Blueprint.The seller was an ownership group finalizing its exit from seniors housing. The buyer was a local …

Pensam Provides $52M Refinancing for Rise Central Apartments in Beaverton, Oregon

BEAVERTON, ORE. — Miami-based Pensam has provided $52 million in capital to refinance Rise Central, a multifamily property located at 12875 SW Crescent St. in Beaverton. The floating-rate loan has a three-year term with extension options. The name of the borrower was not released.Built in 2019, Rise Central features 230 apartments and more than 5,000 square feet of retail space. With rents ranging from $1,000 to $3,200 per month, the community offers units with high-end finishes and open …

McBride Capital Arranges $13.5M Refinancing for Aniva Apartment Building in Portland

PORTLAND, ORE. — McBride Capital has secured $13.5 million in permanent debt for the refinancing of Aniva, a newly constructed, 90-unit multifamily property located on N. Interstate Avenue in Portland.The 10-year loan provided cash out to the sponsors of the project and an initial interest-only period to begin the term. Danny Natsch of McBride Capital placed the loan on behalf of an undisclosed borrower with a super-regional

Blueprint Negotiates Sale of Eight-Property Assisted Living Portfolio in Pacific Northwest

WASHINGTON AND OREGON — Blueprint Healthcare Real Estate Advisors has arranged the sale of eight private-pay assisted living assets in Oregon and Washington totaling 321 units.A joint venture between an Arizona-based private equity firm and an Oregon-based owner-operator acquired the properties. The seller and price were not disclosed.The buyer intends to reposition the communities, possibly adding more memory care

Alpine Food Distributing Acquires 220,000 SF Industrial Complex in Milwaukie, Oregon

MILWAUKIE, ORE. — Alpine Food Distributing has purchased two distribution facilities, located at 9696 SE Omark Drive in Milwaukie. Oregon Transfer Co. sold the asset for $12.2 million. Steven Klein and Peter Stalick of Kidder Mathews represented Alpine in the transaction.The Oregon-based, family-owned food distribution company previously leased the properties, which offer a total of 220,000 square feet. The newly acquired complex is adjacent to a 280,000-square-foot facility that the …

SLIB Arranges Sale of 59-Unit Memory Care Community in Springfield, Oregon

SPRINGFIELD, ORE. — Senior Living Investment Brokerage has negotiated the sale of ElderHealth & Living Memory Care Village in Springfield.Built in 1988 and expanded in 1996, the memory care community features 95 beds across 59 units. The facility is approximately 30,215 square feet and is situated on approximately 5.1 acres of land.A regional operator with multiple West Coast communities acquired the property for an undisclosed price. The seller, a local owner-operator divesting …

Norris & Stevens Brokers $1.4M Office Building Acquisition in Southeast Portland

PORTLAND, ORE. — Norris & Stevens has arranged the purchase of an office building located in Southeast Portland. Confederated Tribes of the Grande Ronde Community of Oregon acquired the property from Portland Limited Partnership for $1.4 million.Located at 3580 SE 82nd Ave., the building features 5,000 square feet of office space. Duane Link of Portland-based Norris & Stevens represented the buyer, while Mark Latimer of CBRE represented the seller in the

Norris & Stevens Brokers $2.4M Sale of Land Site for Cedartree Hotel Development in Hillsboro, Oregon

HILLSBORO, ORE. — Norris & Stevens has arranged the sale of a 5.9-acre land site located at NE Wagon and NE Five Oaks drives in Hillsboro. Cedartree Hotels, a subsidiary of Kyoto, Japan-based Urban Hotel System, acquired the property for $2.4 million.The buyer plans to develop a 120-room hotel with a full-service restaurant, sake bar and traditional tatami flooring. Additionally, the hotel will feature a Japanese garden, heated indoor pool, outdoor stone bath and conference rooms. The …

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