Oregon

Harsch Investments Buys Teton Industrial Building in Tualatin

by Nellie Day June 2, 2015

TUALATIN, ORE. – Harsch Investments has purchased Teton Industrial Building, a 100,000-square-foot industrial property in Tualatin, for an undisclosed sum. The building is located at 20495 SW Teton Ave. It was formerly long occupied by Stanton Furniture. Harsch will immediately begin a renovation program that will include roof improvements, painting, parking lot and landscape upgrades, warehouse lighting upgrades and yard area re-grading. The transaction was executed by Stu Peterson of Macadam Forbes.

June 2, 2015

Multifamily Oregon Western

Canyon Creek Apartments Near Portland Sells for $49.5M

by Nellie Day May 27, 2015

PORTLAND, ORE. — Aukum Management LLC has purchased the 372-unit Canyon Creek apartment community in the Portland submarket of Wilsonville for $49.5 million. The community is located at 26310 SW Canyon Creek Road, about 16 miles south of Downtown Portland. The property is 95.7 percent leased. Its units average about 858 square feet. Community amenities include a swimming pool, hot tub, fitness center, playground, clubhouse and business center. The seller, a private investor, was represented by HFF’s Ira Virden and Kerry Hughes.

May 27, 2015

Oregon Retail Western

Starbucks Building in Tigard Sells for $1.8M

by Nellie Day May 26, 2015

TIGARD, ORE. – A 2,000-square-foot property in Tigard that is net leased to Starbucks has sold to a limited liability company for $1.8 million. The space is located at 9785 SW Shady Lane, near Washington Square Mall. It is situated just off Highway 217. Construction on the building was completed in late April. Starbucks opened in early May. Justin Poor represented both the buyer and seller, another LLC, in this transaction.

May 26, 2015

Multifamily Oregon Western

Clinton Court Apartments in Portland Sells for $6M

by Nellie Day May 8, 2015

PORTLAND, ORE. – The 46-unit Clinton Court apartments in Portland has sold to Clinton Properties LLC for $6 million. The community is located at 2725 SE 29th Street. The seller repositioned the property in 2013. Kirk Ward of Norris & Stevens represented both the buyer and seller, CCA LLC, in this transaction.

May 8, 2015

Oregon Retail Western

Portland Retail Property Sells for $1.8M

by Nellie Day April 23, 2015

PORTLAND, ORE. – A 5,000-square-foot retail property in Portland has sold to a limited liability company for $1.8 million. The property is located at 2100-2118 NW Glisan Street. It is fully leased to three businesses. The seller, an out-of-state family trust, was represented by Justin Poor of Marcus & Millichap’s Portland office.

April 23, 2015

Mixed-Use Oregon Western

Ascend Holdings Buys Mixed-Use Property in Bend

by Nellie Day March 24, 2015

BEND, ORE. – Ascend Holdings has acquired a 50,000-square-foot, mixed-use property in Bend for $8 million. The property is located at 1133 NW Wall Street. Ascend plans to convert a portion of the building’s second floor office space into residential units. The property’s two buildings house a mix of residential, office, retail and restaurant space. It was 86 percent leased at the time of the sale. The seller, a San Francisco-based investment group, was represented by Ron Ross, Erich Schultz, Terry O’Neil and Jay Lyons of Compass Commercial Real Estate Services.

March 24, 2015

Industrial Oregon Western

Romanoff Floor Coverings Leases Industrial Space in Bend

by Nellie Day March 16, 2015

BEND, ORE. – Romanoff Floor Coverings has leased 4,537 square feet of industrial/warehouse space in Bend. The space is located at 63026 Plateau Drive. The flooring construction services provider was represented by Ron Ross and Terry O’Neil of Compass Commercial in this transaction. The landlord was not named.

March 16, 2015

Office Oregon Western

GBD Architects Renews, Expands at Brewery Blocks II in Portland

by Nellie Day March 12, 2015

PORTLAND, ORE. – GBD Architects has renewed its lease and expanded its space at the Brewery Blocks II in Portland. The five-block retail and office center is located at 1477 Northwest Everett Street in the city’s Pearl District. GBD was represented by Chris Johnson, MaryKay West and Carter Beyl of NAI Norris, Beggs & Simpson. The landlord, MEPT Brewery Block 2 LLC, was represented by Eric Haskins of Jones Lang LaSalle.

March 12, 2015

Hospitality Oregon Western

Tryperion, Vesta Buys Riverhouse Hotel & Convention Center in Bend

by Nellie Day March 6, 2015

BEND, ORE. — A joint venture between Tryperion Partners and Vesta Hospitality has acquired the Riverhouse Hotel & Convention Center, a 220-room hotel in Bend, for an undisclosed sum. The full-service hotel is located at 3075 US-97 BUS, along the Deschutes River. The acquisition includes a 53,000-square-foot convention center. The joint venture plans to upgrade the guest rooms and food and beverage outlets. The hotel also has prime access to walking and hiking trails along the river.

March 6, 2015

Multifamily Oregon Western

Connery Place in Portland Sells for $7M

by Nellie Day March 6, 2015

PORTLAND, ORE. – The 72-unit Connery Place apartment community in Portland has sold to a private investor for $7 million. The community is located at 8110 SE Mill Street in the southeast Montavilla neighborhood. It is 97 percent occupied. The property features a renovated clubhouse and outdoor pool. About 30 percent of the units have been renovated. HFF’s Nick Klein and Tyler Linn represented both the buyer and seller, Cumberland Holdings, in this transaction.

March 6, 2015

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