PDX Multi-Housing Development Secures $97M in Financing

HFF arranged $96.5 million in financing for the development of 100 Columbia, a 348-unit, Class A+ high-rise multi-housing community in Portland, OR’s CBD. The developer, Dallas-based Alamo Manhattan, secured the four-year construction loan through PCCP, LLC. 100 Columbia is located on a 0.92-acre site that spans the block bound by SW Clay Street, SW 1st Avenue,

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Trion Adds 10th PDX MF with Tigard Acquisition

Trion Properties acquired Pacific Crest Apartments, a 156-unit multifamily community in the Portland submarket of Tigard, OR, for $28 million from an unnamed private seller. This is Trion’s 10th acquisition in the greater Portland area in just over three years, bringing the firm’s multifamily portfolio in the region to nearly 700 units. Trion Properties’ Max

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Suburban Portland MF Development Capitalized

Guardian Real Estate Services secured construction financing for Axletree, a to-be-built, 110-unit, Class A multi-housing project in Portland, OR’s suburb of Milwaukie. HFF placed a floating-rate construction loan through a regional bank. Additionally, the HFF team arranged joint venture equity through Hanover Financial. Axletree will be situated at the intersection of SE Main and SE Washington Streets

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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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Trion Properties Launches Another Multifamily Opportunity Fund

Los Angeles-based Trion Properties launched Trion Multifamily Opportunity Fund II, LLC, its second investment fund vehicle. The fund, which will target $50 million in equity to deliver $150 million in buying power, will invest in the acquisition, improvement, and repositioning of undervalued multifamily assets in high-growth, supply-constrained markets along the West Coast. The firm plans

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What Treasury’s Opportunity Zones Mean for CRE?

The Treasury released its regulations regarding Opportunity Zones, the new tax policy set to encourage investment in underserved markets across the U.S. Connect Media asked Adam Hooper, Co-Founder and CEO of Portland, OR-based RealCrowd, to share what these new regulations are about, the tax benefits to investors, how opportunity funds work and what the expected

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Roundhouse Agency Relocating HQ to PDX’s Custom Blocks

Roundhouse Agency plans to relocate and expand its corporate headquarters at Custom Blocks, a creative campus prominently located in Portland, OR’s Central Eastside Industrial District. The creative firm signed a lease for 16,200 square feet of space within the campus’ North Block building, located at 975 SE Main. The property, which recently completed its metamorphosis

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CrowdStreet Crosses $500M Online CRE Investment Threshold

Portland, OR-based CrowdStreet Inc. crossed the $500 million threshold in total online investments, with a record number of new individual investors in March. The activity accompanies a record quarter that accounted for more than $75 million invested. Q1 ended with more than $525 million invested on the CrowdStreet marketplace since inception (April 2014-March 2019). Roughly

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Historic Portland Courthouse Sold, Conversion Envisioned

The historic Central Courthouse located at 1021 SW 4th Avenue in downtown Portland, OR has traded for $28 million. Portland-based NBP Capital, LLC acquired the century-old building, which is listed on the National Register of Historic Places, from Multnomah County. The building is currently home to the County’s court operations, and the County will continue

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