REBusinessOnline

M&M SELLS THE BEACON

Posted on by in Other, Western

PORTLAND, ORE. — Marcus & Millichap Real Estate Investment Services has sold the Beacon, a 10,000-square-foot land parcel in Downtown Portland, for $2.25 million. The Beacon was initially set to become a 158-unit workforce housing complex, but was re-branded by Marcus & Millichap into a student housing development due to its close proximity to Portland State University. Both the buyer, American Campus Communities, and the seller, PJC 1 LLC, were represented by Marcus & Millichap's Tyler Johnson, Dorothy Jackman and Travis Prince.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

Subscribe to the newsletter
Conferences


Webinars on Demand


Read the Digital Editions

Northeast Multifamily & Affordable Housing Business

Midwest Multifamily & Affordable Housing Business

Western Multifamily & Affordable Housing Business

Texas Multifamily & Affordable Housing Business

Southeast Multifamily & Affordable Housing Business

Heartland Real Estate Business

Northeast Real Estate Business

Southeast Real Estate Business

Texas Real Estate Business

Western Real Estate Business

Shopping Center Business

California Centers

Student Housing Business

Seniors Housing Business

Featured Properties