Oregon

Greystar Student Living Awarded Management of Arena District Apartments Near the University of Oregon

by Nellie Day May 4, 2016

EUGENE, ORE. — Student Housing-Eugene LLC, an affiliate of Columbia Investments LLC, has awarded Greystar Student Living management of Arena District Apartments, a 244-bed student housing community located two blocks away from the University of Oregon campus in Eugene. The LEED Gold certified property was formerly known as University House Arena District. The community offers two- and four-bedroom units with contemporary furniture packages, flat-screen televisions, Apple TV, EnergyStar front-loading washers and dryers, and free cable and high-speed Internet access. Environmentally friendly features of the property include energy efficient lighting, low-VOC paint, solar-generated hot water and operable windows for natural ventilation. Community amenities include a clubhouse and an Internet café with Mac computers, seating areas, a multimedia lounge with gaming stations and billiards tables, a large outdoor courtyard with drought tolerant landscaping and grilling stations, bicycle storage, covered parking, recycling centers and reserved parking spaces for fuel-efficient vehicles. Greystar will add a new fitness center, spa and study lounges this year.

May 4, 2016

Oregon Retail Western

365 by Whole Foods Market Plans Second West Coast Location in Oregon

by Nellie Day May 2, 2016

LAKE OSWEGO, ORE. — 365 by Whole Foods Market will open its second location West Coast location in Lake Oswego, Ore., on July 14. The second store will host two new Friends of 365 partners that both originate from Portland, Ore.: Next Level Burger, a plant-based take on hamburgers, and Canteen, a café and juice bar. Both ‘friends’ will establish shops within the store. The store will also offer online ordering and delivery. Whole Foods hopes to open 10 stores under the 365 brand in 2017.

May 2, 2016

Multifamily Oregon Western

Riverwalk Apartments in Eugene Sells for $43.1M

by Nellie Day April 26, 2016

EUGENE, ORE. — Green Leaf Riverwalk has acquired the 272-unit Riverwalk Apartments in Eugene for $43.1 million. The community is located at 470 Alexander Loop. BPM Real Estate Group developed Riverwalk Apartments. The complex was completed in 2015 and fully leased by 2016. The seller, Alexander Loop LLC, is owned by a partnership managed by Walter C. Bowen. HFO Investment Real Estate executed the transaction.

April 26, 2016

Oregon Retail Western

Commercial Income Advisors Brokers $4.4M Sale of 7-Eleven in Portland

by Nellie Day April 18, 2016

PORTLAND, ORE. — Commercial Income Advisors Inc. has arranged the $4.4 million sale of a single-tenant, triple-net-leased 7-Eleven located in Portland. John Halvorson of Commercial Income Advisors represented the Orange County-based buyer in the transaction, and arranged $1.3 million worth of acquisition financing for the purchase. The property was acquired through a 1031 exchange.

April 18, 2016

Loans Multifamily Oregon Student Housing Western

NorthMarq Arranges $9.8M Refinancing of Student Housing Property near the University of Oregon

by Nellie Day April 15, 2016

EUGENE, ORE. — Stephen Whitehead of NorthMarq Capital has arranged a $9.8 million refinancing of K14 Campus Flats, a 145-bed student housing property located near the University of Oregon. The development is located at 1414 Kincaid St. in Eugene. The transaction was structured with a 10-year term with two years interest-only payments, followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its Fannie Mae DUS program.

April 15, 2016

Industrial Oregon Western

Majestic Breaks Ground on 303,000 SF Spec Industrial Building in Oregon

by Nellie Day April 7, 2016

HILLSBORO, ORE. — Majestic Realty Co. has broken ground on a 303,000-square-foot spec industrial warehouse in Hillsboro. The project will be situated at the southeast quadrant of Highway 26 and Brookwood Parkway, 18 miles west of Portland. It is scheduled for completion in the third quarter of 2016. The new development will be the third building at the Majestic Brookwood Business Park. It will neighbor a 200,000-square-foot ViaWest data center, which opened its first phase in September 2015, as well as a 65,000-square-foot Top Golf entertainment complex scheduled to open this June.

April 7, 2016

Multifamily Oregon Western

Pacific Urban Residential Buys Spyglass Hill Apartments in Beaverton for $25.3M

by Nellie Day April 6, 2016

BEAVERTON, ORE. — Pacific Urban Residential has purchased the 137-unit Spyglass Hill apartment complex in Beaverton for $25.3 million. The community is located at 14305 S.W. Sexton Mountain Drive, just 11 miles southwest of downtown Portland. Spyglass Hill is 97.9 percent leased. It is situated near Nike and Intel. HFF’s Ira Virden represented the seller, Hamilton Zanze, in this transaction.

April 6, 2016

Loans Multifamily Oregon Seniors Housing Western

Berkeley Point Capital Closes $3.1M Freddie Mac Loan for Memory Care Community in Oregon

by Nellie Day April 1, 2016

TIGARD, ORE. — Berkeley Point Capital has provided a $3.1 million Freddie Mac supplemental loan to Frontier Management LLC. The money will be used for strategic growth and property improvements at Washington Gardens Memory Care, a 48-unit memory care community in the Portland suburb of Tigard. The community opened in 2011. Frontier Management LLC manages 83 seniors housing properties serving more than 4,000 residents across the United States. The company is based in Portland. Doug Harper, director of seniors housing, and Casey Moore, director, led the Berkeley Point team. Harper operates out of the Columbus, Ohio, office while Harper works from the Boston office.

April 1, 2016

Industrial Oregon Western

Industrial Property in Woodburn Sells for $3.2M

by Nellie Day March 30, 2016

WOODBURN, ORE. — Bradley C. Shepard, Stanley V. Shepard and Growing Investments LLC has purchased a 52,524-square-foot industrial property in Woodburn for $3.2 million. The property is located at 2257 Progress Way. The building is fully leased to Columbia Helicopters. The purchase includes an additional 5.6 acres of industrial-zoned land for future development. Thomas McDowell and Raymond Duchek of Norris & Stevens represented the buyers. Peter Stalick, Steven Klein and Jeff Kiersey of Kidder Mathews represented the seller, Mercer Holdings, in this transaction.

March 30, 2016

Loans Office Oregon Western

George Smith Partners Arranges $19.9M Loan for Under Armour Office Build-to-Suit in Downtown Portland

by Nellie Day March 28, 2016

PORTLAND, ORE. — George Smith Partners has arranged a $19.9 million bridge loan for the construction of a build-to-suit creative office campus in downtown Portland for sportswear supplier Under Armour. The 68,698-square-foot, special-purpose, single-tenant building formerly housed the local YMCA. It will be transformed into a 108,698-square-foot campus environment. Under Armour signed a 15-year lease at the property. The borrower and landlord were not disclosed. Malcolm Davies, Kyle Henrickson and Teddy Stutz of George Smith Partners secured the financing.

March 28, 2016

Newer Posts

Older Posts