Downtown Portland Tower Trades for $180M

Los Angeles-based American Realty Advisors, along with Seattle-based JV partner Unico Properties LLC, reportedly acquired Moda Tower, a 24-story tower in Portland, OR, from UBS Global Asset Management for a price in the neighborhood of $180 million. The 398,412-square-foot property is located at 601 SW 2nd Ave. and was completed in 1999. The Class A

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Waterton Divests PDX Lloyd District MF for $66M

San Diego-based MG Properties Group acquired Axcess 15, a 202-unit, transit-oriented apartment property in the Lloyd District in Portland, OR. Constructed in 1997, the community was sold by Chicago-based Waterton for $66 million. HFF’s Ira Virden and director Carrie Kahn represented the seller and procured the buyer. Additionally, HFF’s Charles Halladay, Scott Gilson and Rick

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Charon Tech to Utah: We Choose You!

Following in-depth research of five states, Charon Technologies settled on Logan, UT for its expansion. The Northern Virginia-headquartered company designs software-defined radios, signal processing platforms and communications systems. The expansion will bring 20 jobs in electrical engineering and computer science to Logan. Charon considered Arizona, California, Colorado, Texas and Utah for new sites. Ultimately, the

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DigiCert Takes Occupancy of 64K SF

DigiCert, an SSL certificate authority, took occupancy of 64,000 square feet at the newest Thanksgiving Park office building in Lehi, UT. The technology company leased the top two floors of the building at 2801 Thanksgiving Way. “Woodley is very pleased to see DigiCert take occupancy. This is an ideal location for their growing business,” said Eric

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Howard Hughes Secures $372M in Construction Financing

Howard Hughes Corp. secured a total of $372 million in construction financing for development of two mixed-use projects in Honolulu, HI’s Ward Village. Randy Fleischer with Hamilton Realty Finance arranged both transactions. A $143 million partial recourse facility was obtained to develop Ke Kilohana. U.S. Bank is serving as the lead lender for a syndicate

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Gladstone Nabs 108K-SF Single-Tenant Office in Utah

Gladstone Commercial Corp. paid $17 million to Lone Star Funds for ownership rights to a three-story, 107,626-square-foot, single-tenant office building in Taylorsville, UT. The property, located in a Salt Lake City suburb, had an average cap rate of 8.4%. Located at 860 W. Levoy Dr., the property is 100% leased to Convergys Corp., a triple-net-lease

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Portland Pearl District Office, Retail Condominium Sold

The office and retail components of the five-story Heartline Condominium in Portland, OR’s Pearl District have traded hands. The newly-constructed boutique 72,130-square-foot building is part of a master-planned mixed-use residential and commercial development spanning an entire city block. The buyer was Boston-based Intercontinental Real Estate Corporation, which cut the deal on behalf of its managed

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Unico, Partners Group Acquire Portland Office Portfolio for $255M

Unico Properties LLC and Partners Group purchased Montgomery Park, a 745,000-square-foot office property in Portland, OR from Bill Naito Company for a reported $255 million. The building is currently 94% leased to high-profile tenants including Adidas, Daimler Trucks North America, WebMD, OnPoint Community Credit Union, Wells Fargo, and Kaiser Permanente. The 18-acre property, located in

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