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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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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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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Goldman Sachs, Lincoln Venture Buys Portland MXU for $118M

A venture between Goldman Sachs’ Merchant Banking Division and Lincoln Property Company acquired Field Office, a 287,216-square-foot mixed-use office in Portland from National Real Estate Advisors, LLC and developer Project for $118 million. The two-building Class A project is located along River Promenade within the Pearl District. Construction was completed in 2018 on the project

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Wilshire Capital Claims NW Micro-unit Multifamily Developments

UK-backed East To West Capital completed the disposition of two recently-developed micro-unit multifamily projects in Seattle and Portland, five years after entering the U.S. marketplace and forming joint venture partnerships with local multifamily developers. Both developments were sold to El Segundo, CA-based Wilshire Capital Partners. The aggregate value of the dispositions exceeded $24.3 million and

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Holland Partner Breaks Ground on MF in Oregon

Connect Apartments is planned June 20th in Los Angeles. You can get more information and register to attend on this link. Vancouver, WA-based Holland Partner Group commenced construction on a 324-unit multifamily development in South Hillsboro, OR. The new project at 7392 SE Chinkapin Dr. is within Reed’s Crossing by Newland, the largest mixed-use master-planned

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Sortis Holdings Launches $100M Opportunity Zone Fund

Portland, OR-based Sortis Holdings Inc. launched a $100-million Opportunity Zone fund focused on investments in the Western U.S., and specifically the Northwest. Sortis Opportunity Zone Fund was created to take advantage of the Tax Cuts and Jobs Act passed in December 2017. Sortis’ Paul Brenneke says, “The Sortis Opportunity Zone Fund will allow accredited investors

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ASB Acquires Portland Creative Office Building for $68M

Bethesda, MD-based ASB Real Estate Investments acquired a 117,591-square-foot creative office building in the Portland, OR’s dynamic, close-in Slabtown neighborhood for $67.5 million. The purchase from Cairn Pacific and Capstone, along with its institutional investment partner, was made on behalf of the ASB Allegiance Real Estate Fund, a $7.5 billion core investment vehicle. Located at

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Majestic Expands Portland Footprint with Logistics Build

Majestic Realty Co. is continuing to expand its Portland, OR footprint. The Los Angeles-based industrial developer’s latest project in the region, a 226,960-square-foot logistics facility known as Majestic Tualatin Business Center (MTBC), is on target for completion early in the second quarter. “MTBC is the largest speculative industrial building to be built in the submarket

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