Oregon

Northwest-Coporate-Park-Building-11-Portland-OR

EQT Exeter Buys Three-Building Pacific Northwest Industrial Portfolio for $49.9M

by Amy Works October 23, 2024

KENT, WASH. AND PORTLAND, ORE. — EQT Exeter has acquired a three-building, 312,604-square-foot industrial portfolio in Kent and Portland from an institutional investor for $49.9 million. The portfolio consists of Kent 36 & 39, a 63,500-square-foot distribution building and a 42,022-square-foot small-bay industrial building in Kent, as well as Northwest Corporate Park Building 11, a 207,082-square-foot distribution building in Portland. Brett Hartzell, Paige Morgan, Andrew Stark, Stuart Skaug and Cara Nolan of CBRE represented the undisclosed seller in the transaction.

October 23, 2024

2025-2035-NE-Cornelius-Pass-Rd-Hillsboro-OR

Loans Office Oregon Western

Gantry Secures $9.5M Acquisition Loan for Office Campus in Hillsboro, Oregon

by Amy Works October 11, 2024

HILLSBORO, ORE. — Gantry has secured a $9.5 million loan for the acquisition of a mid-rise office campus in Hillsboro, a suburb of Portland. The borrower, a Los Angeles-based private investor, acquired the asset for $17 million. Situated on 17.7 acres, the campus features two five-story buildings offering a total of 226,000 square feet. The office campus is located at 2025 and 2035 N.E. Cornelius Pass Road. Mark Ritchie and Keegan Bridges of Gantry secured the fixed-rate, interest-only loan through one of the firm’s correspondent insurance company lenders.

October 11, 2024

Acquisitions Office Oregon Western

VW Holdings Closes Sale of 4,030 SF Office Building in Gresham, Oregon

by Amy Works October 10, 2024

GRESHAM, ORE. — VW Holdings has completed the sale of an office building and adjacent 0.4-acre land site at 600 N.W. Farris Road in Gresham, about 16 miles east of Portland. Lewis & Clark Montessori Charter School acquired the asset for $1.7 million. Constructed in 1978 and renovated in 2003, the 4,030-square-foot, single-story property is ADA-accessible and includes 26 parking spots. Tim Budelman of Portland-based Norris & Stevens represented the seller, while Anne Hecht of Cushman & Wakefield represented the buyer in the deal.

October 10, 2024

Acquisitions Development Healthcare Office Oregon Western

Joint Venture Buys 59,865 SF Office Building Near Portland, Plans Outpatient Healthcare Conversion

by Amy Works October 9, 2024

LAKE OSWEGO, ORE. — A joint venture between Evergreen Medical Properties and Bain Capital’s real estate team has acquired 4004 Kruse Way Place, an office building in Lake Oswego, from San Francisco-based Shorenstein Properties for an undisclosed price. The joint venture plans to convert the three-story, 59,865-square-foot building, which is currently operating as traditional office space, into an outpatient healthcare facility. At the time of sale, asset was 74 percent occupied with Providence Health & Services as the anchor tenant. Evan Kovac of JLL Capital Markets National Medical Properties and Buzz Ellis of JLL Pacific Northwest Advisory represented the seller and procured the buyer in the transaction.

October 9, 2024

Acquisitions Multifamily Oregon Western

PCCP, Guardian Real Estate Purchase 16-Story High-Rise Apartment Complex in Portland

by Amy Works October 2, 2024

PORTLAND, ORE. — A joint venture between PCCP and Guardian Real Estate Services has acquired The Louisa, a 16-story multifamily property at 123 NW 12th Ave. in Portland’s Pearl District. Terms of the transaction were not released. Built in 2005, The Louisa offers 242 apartments, 29,295 square feet of ground-floor retail space and shared ownership of the Brewery Blocks parking garages. The property features townhomes, studio units and one- and two-bedroom apartments with central air conditioning, 10-foot ceilings, in-unit washers/dryers, luxury plank flooring and stainless steel appliances. Additionally, a portion of the apartments feature balconies. Community amenities include resident lounges, a community room, garden terrace with eco roofs, barbecues and a fire pit. The ground-floor retail space is accompanied by West Elm, Williams-Sonoma, Frame Central, lululemon athletica and The Cookie Dough Café.

October 2, 2024

Keizer-Village-Shopping-Center-Keizer-OR

Acquisitions Oregon Retail Western

Cumberland Holdings Closes Sale of 76,785 SF Keizer Village Shopping Center in Oregon

by Amy Works September 27, 2024

KEIZER, ORE. — Rolling Hills Estate, Calif.-based Cumberland Holdings LLC has completed the disposition of Keizer Village Shopping Center, a neighborhood shopping center in Keizer. A Eugene, Ore.-based private investor acquired the asset for $13 million. Located at 3830-3860 River Road N, Keizer Village Shopping Center offers 76,785 square feet of retail space. At the time of sale, the property was 99 percent occupied. Current tenants include Physiq Fitness, The Thrift Store, Little Caesars Pizza, Metro by T-Mobile, Subway and US Market. Kevin Fryman of Hanley Investment Group, in association with ParaSell Inc., represented the seller, while James Kim of Windermere Real Estate/Lane County represented the buyer in the transaction.

September 27, 2024

Industrial Loans Oregon Western

Gantry Arranges $7.2M Acquisition Loan for Industrial Building in Tualatin, Oregon

by Amy Works September 25, 2024

TUALATIN, ORE. — Gantry has arranged a $7.2 million permanent loan for the acquisition of a single-tenant warehouse building within Franklin Business Park in Tualatin, approximately 12 miles southwest of Portland. Blake Hering and Keegan Bridges of Gantry represented the borrower, a private real estate investor, in the financing. The 12-year loan was secured from one of Gantry’s correspondent insurance company lenders, with terms including a fixed rate, 25-year amortization and nonrecourse provisions. The 60,405-square-foot property was acquired vacant with a lease for the entire building in place for a long-term single tenant. The building includes 20,521 square feet of office space.

September 25, 2024

Acquisitions Multifamily Oregon Washington Western

Northmarq Brokers $14.3M Sale of Three-Property Manufactured Housing Portfolio in Pacific Northwest

by Amy Works September 24, 2024

ROSEBURG, ORE., AND WOODLAND, WASH. — Northmarq has brokered the sale of a three-property manufactured housing portfolio in Oregon and Washington for $14.3 million. Jeff Benson and Sam Neumark of Northmarq represented the undisclosed seller and buyer on both transactions. Vancouver, Canada-based Harmony Communities acquired Western Star Mobile Home Community, a property at 101 Lad Lane in Roseburg that features 117 pads and 46 storage units. The asset was developed in 1973. Hurst and Son LLC purchased the 96-space Woodland properties — Oaks Mobile at 38308 Lakeshore Drive and Woodlands Mobile Home Community (MHC) at 3910 NW Pacific Highway. Woodlands MHC offers a clubhouse, library and waterfront along the Lewis River.

September 24, 2024

Development Multifamily Oregon Student Housing Western

Landmark Properties Completes 703-Bed Student Housing Development Near University of Oregon

by Amy Works September 23, 2024

EUGENE, ORE. — Landmark Properties has completed The Standard at Eugene, a 703-bed student housing development located near the University of Oregon campus in Eugene. The community offers 247 units across 265,000 square feet of residential space in studio through five-bedroom configurations. Shared amenities include a rooftop swimming pool with a jumbotron, grilling areas, hammocks and cabanas; a fitness center with an indoor rock climbing wall; an academic lounge with private study rooms; a resident club and game room; and onsite parking. The community is Landmark’s second development in Oregon, following the delivery of The Retreat at Corvallis near Oregon State University. The development team for the seven-story community included Ankrom Moisan Architects and Landmark Construction, the in-house construction arm of Landmark Properties.

September 23, 2024

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Development Hospitality Oregon Western

Extended Stay America Opens 146-Room Hotel in Portland, Oregon

by Amy Works August 26, 2024

PORTLAND, ORE. — Extended Stay America has opened Extended Stay America Premier Suites Portland North in Portland. Trimark-University Housing IV developed the property, which Ark Hospitality will manage. Located at 1215 N. Hayden Meadows Drive, the three-story hotel offers 146 rooms with fully equipped kitchens featuring full-size refrigerators, microwaves, stovetops, cookware, utensils, dishes and a dedicated workspace. The property features complimentary Wi-Fi and breakfast, a fitness center and on-site guest laundry facilities.

August 26, 2024

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