Tied with San Francisco, but considerably more affordable, Portland registered an Overall Office Vacancy Rate of 11.2%, the lowest level since the peak of activity in 2008.
Archive for the ‘building sale’ Category
Portland Tied for Lowest Office Vacancy in the U.S.
Posted in building sale, commercial real estate, lease, new office, office brokerage, office space, oregon, portland, renewal, rental rate, square feet, start up, Trends, Vacancies, tagged commercial real estate, lease, portland, rental rate, square feet on October 17, 2013| 1 Comment »
Who’s On The Move – Two Weeks Ending 05/25/12
Posted in building sale, commercial real estate, Green Building, headquarters, lease, new office, office brokerage, office space, oregon, portland, renewal, rental rate, retail brokerage, square feet, sublease, Trends, Vacancies, vancouver, tagged active telesource, azad, commercial real estate, d hawes & associates, duggal, kerns & thompson, lease, medallion forest products, medical staffing network, norpac, office space, pacific nw renal, portland, renewal, rental rate, square feet, squarefeetpdx, start up, sublease, synergy business solutions, US Forest Service, vancouver on May 29, 2012| Leave a Comment »
GovDex (government agencies)
US Forest Service – Gifford Pinchot Building | 10600 NE 51st Circle | 40,664 RSF renewal
GeneralBizDex (consulting|finance|insurance|legal|other)
Norpac – Arneson Building | 4350 SW Galewood Rd | 20,844 RSF
D. Hawes & Associates – Hilltop Business Ctr | 7360 SW Hunziker Rd | 2,003 RSF
Kerns & Thompson – Harrison Square | 1800 SW First Ave | 7,100 RSF
Medallion Forest Products – Portland International Plaza | 8338 NE Alderwood Rd | 2,613 RSF
Active Telesource – Minthorn Business Center | 4099 SE International Way | 11,228 RSF
TechDex (apps|provider|hardware|var)
Duggal – 15350 SW Sequoia Parkway | 2,577 RSF
AZAD – 217 Corporate Center | 6600 SW 105th Ave | 2,337 RSF
Synergy Business Solutions – PacTrust Business Ctr | 16250 SW Upper Boones Ferry | 4,090 RSF
HealthDex (hospital/provider|managed care|equipment)
Medical Staffing Network – Riverside Centre | 5100 SW Macadam Ave | 2,345 RSF
Pacific NW Renal Services – International Corp Ctr | 11909 NE Glenn Widind Dr | 11,850 RSF
SALE
Property/type: Industrial and retail
Address: 13921 SW Tualatin Sherwood Rd, Sherwood OR
Size: 60,000 SF
Price: $3,600,000
Buyer: Amerco
Seller: Tercek Properties LLC
Property/type: Retail Center
Address: 18540 SW Farmington Rd, Beaverton OR
Size: 9,017 SF
Price: $1,800,000
Buyer: Sun & Khu Kim
Seller: Allen Trust Company for William Angelos
Who’s On The Move – Week Ending 01/20/12
Posted in building sale, commercial real estate, lease, office space, portland, renewal, rental rate, square feet, sublease, vancouver, tagged apex laboratories, chernoff vilhauer, columbia care, devonway, kingdom pint international, mitra law, mwh americas, pacific northwest renal, technology conservation group on January 23, 2012| Leave a Comment »
TechDex (apps|provider|hardware|var)
CBD
Devonway – Yamhill Plaza | 815 SW Second Ave | 1,712 RSF renewal
West
Apex Labs – Park 217 | 12172 SW Garden Place | 16,534 RSF renewal
SustainDex (environmental|sustainable|clean/bio tech)
East
Technology Conservation Group – Parkrose Biz Ctr | 11717 NE Marx | 7,195 RSF
CBD
MWH Americas – Jackson Tower | 800 SW Broadway | 8,820 RSF
NonProfDex (charitable|education|trade assoc)
West
WCC Oregon Inc – 1 Lincoln Center | 10300 SW Greenburg Rd | 1,353 RSF
East
Kingdom Point Int’l – Division Plaza | 2140 SE 121st | 2,365 RSF
GeneralBizDex (consultint|finance|insurance|legal|other)
CBD
Chernoff Vilhauer – ODS Tower | 601 SW Second | 11,007 RSF renewal
Mitra Law Firm – 1000 Broadway | 1000 SW Broadway | 5,650 RSF
HealthDex (hospital/provider|managed care|equipment)
East
Columbia Care Corp – Monterey Plaza | 8495 SE Monterey Ave | 2,758 RSF
Vancouver
Pacific NW Renal – Stonemil Biz Ctr | 312 SE Stonemill Dr | 11,827 RSF
SALES
Property: King Arthur Estates
Address: SE 147th Street, Happy Valley, Oregon
Buyer: Lennar NW
Seller: Bank of the West
Price: $2,000,000
Size: 40 residential lots
Who’s On The Move – Week Ending 01/06/12
Posted in building sale, commercial real estate, downsizing, headquarters, lease, LEED, new office, office brokerage, office space, oregon, portland, renewal, rental rate, square feet, Vacancies, vancouver, tagged air sciences, commercial real estate, cricket, gresham townhomes, guild mortgage, lease, lewis and clark college, metropolicatn public defenders, office space, orthoRX, park terrace apartments, portland, renewal, rental rate, squarefeet, sublease, summit research network, ticketswest, vancouver, vanden bos chapman on January 9, 2012| Leave a Comment »
GeneralBizDex (consulting|finance|insurance|legal|other)
Kidder Mathews – Umpqua Bank Plaza | 1 SW Columbia St | 12,109 RSF renewal
Vanden Bos Chapman – Spalding Bldg | 319 SW Washington St | 4,332 RSF renewal
Guild Mortgage – Wilsonville Town Ctr | 29100 SW Town Ctr Loop | 3,871 RSF
Guild Mortgage – Park Tower Biz Ctr – Bldg 1 | 201 NE Park Plaza Dr | 4,991 RSF
HealthDex (hospital/provider|managed care|equipment)
Summit Research Network – Montgomery Park | 2701 NW Vaughn | 11,117 RSF renewal
Ortho RX – Barbur Biz Center | 9570 SW Barbur Blvd | 3,100 RSF
NonProfDex (charitable|education|trade assoc)
Metropolitan Public Defender – East Main Plaza | 400 E Main St – Hillsboro | 13,150 RSF
Lewis & Clark College – CTGR Building | 4445 SW Barbur Blvd | 2,781 RSF
SustainDex (environmental|sustainable|green/bio tech)
Air Sciences – Overton Pearl | 1626 NW 15th St | 5,400 RSF
TechDex (apps|provider|hardware|var)
Cricket Communications – Pacific Corp Ctr | 7007 SW Cardinal | 4,481 RSF
TicketsWest – 618 Building | 618 NW Glisan | 2,742 RSF
SALES
Property: Park Terrace Apartments
Address: 2073 SW Park Ave, Portland, OR
Seller: Park Terrace LLC
Buyer: RDC Fund V Park Terrace LLC
Price: $6.3M or $121,153 per unit
Property: Gresham Townhomes Apartments
Address: 1203-1221 E Powell Blvd, Gresham, OR
Seller: Dale and Jeri Remillard Living Trust
Buyer: Gresham Townhome Strategies LLC
Price: $1.09M or $49,500 per unit
Who’s On The Move – Week Ending 12/02/11
Posted in building sale, commercial real estate, headquarters, lease, new office, office space, oregon, portland, rental rate, square feet, tagged commercial real estate, dachis, lease, office space, portland, renewal, rental rate, squarefeetpdx, stepchange, sublease, unico, vancouver, xplane on December 7, 2011| Leave a Comment »
TechDex (apps|provider|hardware|var)
Dachis Group (XPLANE/StepChange) – Commonwealth Bldg | 421 SW Sixth Ave | 18,097 RSF
SALES
Address: 1233 NW 12th St, Portland OR
Size: 80,000 SF
Price: $10.35M or $129.37/SF (were asking $12.9M)
Buyer: Affiliate of Unico Properties
Seller: C&E Properties
Property: Westview Heights
Address: 18301 N Chemeketa Lane and 5532/5797 NW 183rd Ave, Beaverton OR
Size: 198-unit apartment property
Price: $29.5M or $159,000/unit
Buyer: Kennedy Wilson, CA
Seller: Sean Keys, OR
Property: Willow Grove
Address: 11981 SW Center Street, Beaverton OR
Size: 119-unit apartment property
Price: $12.6 M or $105,882/unit
Buyer: Security Properties, WA
Seller: Belkorp Holdings, Canada
Property: Richmond Park
Address: 18300 NW Walker Rd, Beaverton OR
Size: 100-unit apartment property
Price: $12.1M or $121,000/unit
Buyer: Security Properties, WA
Seller: Belkorp Holdings, Canada
Property: Richland Terrace
Address: 15195 SW Walker Rd, Beaverton OR
Size: 83-unit apartment property
Price: $9.6M or $115,662/unit
Buyer: Security Properties, WA
Seller: Kelkorp Holdings, Canada
Who’s On The Move – Week Ending 11/18/11
Posted in building sale, commercial real estate, headquarters, lease, new office, office brokerage, office space, oregon, portland, renewal, rental rate, square feet, sublease, vancouver, tagged aspen biofuels, commercial real estate, david mcdonald, HDR, insignia health, lease, legacy health, office space, parsons germer, portland, randstad, renewal, rental rate, rockwell collins, senva, spire technologies, square feet, squarefeetpdx, sublease, united technologies, UTC, vancouver, volunteers of america, willamette pain and spine on November 21, 2011| Leave a Comment »
HealthDex (hospital/provider|managed care|equipment)
Legacy Health – AdTech II Building | 2055 NW Savier St | 1,058 RSF
Insignia Health – Haseltine Building | 133 SW Second Ave | 829 RSF
Willamette Pain and Spine Ctr – Willamette MarketPlace | 2020 Eighth Ave | 4,631 RSF
TechDex (apps|provider|hardware|var)
Spire Technologies – Jefferson Office Park | 2140 SW Jefferson St | 3,250 RSF
United Technologies – Lakeside Center | 8100 SW Nyberg Rd | 8,789 RSF
Senva – Nimbus Oaks | 9290-9300 SW Nimbus Ave | 12,280 RSF
GeneralBizDex (consulting|finance|insurance|legal|other)
Randstad – Park 217 | 12110 SW Garden Pl | 3,200 RSF
Parsons & Germer – Plaza West | 9600 SW Oak St | 2,790 RSF
David McDonald – Postal Building | 510 SW Third Ave | 1,344 RSF
DesignDex (A/E|apparel|graphic d)
HDR Engineering – Congress Center | 1001 SW Fifth Ave | 48,111 RSF renewal
Rockwell Collins – OIT | 27500 SW Parkway Ave | 34,180 RSF sublease
NonProfDex (charitable|education|trade assoc)
Volunteers of America – 10209 SE Division St | 7,340 RSF
SustainDex (environmental|sustainable|clean/bio tech)
Aspen BioFuels – Savage Wholesale | 5335 SW 107th Ave | 39,534 RSF
SALE
Property: 3525 SW 122nd Ave., Beaverton, OR
Seller: Dash II Investments LLC
Buyer: Project Bloom
Size: 13,816 SF commercial building
Price: $1.65 million
Two Weeks Ending 11/11/11
Posted in building sale, commercial real estate, headquarters, lease, LEED, new office, office space, oregon, portland, renewal, rental rate, square feet, start up, vancouver, tagged baker gingell, C2F, columbia ventures, commercial real estate, cpusage, csgpro, donnelly museum building, frumenti lander wallace, Garmont, Identity clark county, lease, montel carlo, nexant, nw injury & rehab, office space, portland, rental rate, set direction, square feet, summit mortgage, united cerebral palsy, vancouver, Vox PR, walmart mobile, westmark electronics, westside music school, will vision, Zenaptic chiropractic on November 14, 2011| Leave a Comment »
Activity has heated up over the last month, with technology leading the way in new leases. Here’s what we’ve seen over just the last two weeks.
TechDex (apps|provider|hardware|var)
Walmart Mobile – One Main Place | 101 SW Main St | 1,632 RSF
CPUsage – Merchant Hotel | 222 NW Davis St | 1,589 RSF
Nexant – Loyalty Building | 317 SW Alder St | 2,243 RSF
CSGpro – Wool Growers Building | 734 NW 14th Ave | 7,010 RSF sublease
Westmark Electronics – Creekside Corp Pk | 8905 SW Nimbus Ave | 2,28 RSF
Monte Carlo – Parkside Biz Ctr | 8250 SW Cirrus | 2,525 RSF
GeneralBizDex (consulting|finance|insurance|legal|other)
Frumenti Lander Wallace – Murdock Exec Plaza | 703 Broadway | 4,354 RSF
Columbia Ventures – First Place Plaza | 12503 SE Mill Plain Blvd | 1,456 RSF
Summit Mortgage – Park Tower Business Center | 13115 NE 4th | 4,990 RSF
Baker & Gingell – Cornell West | 1500 NW Bethany Blvd | 2,000 RSF
HealthDex (hospital/provider|managed care|equipment)
Will Vision – Parkway Plaza II | 8100 NE Parkway Dr | 5,871 RSF renewal
NW Injury & Rehab – Greenwood Office Ctr | 7700 Greenwood Dr | 2,868 RSF
Zenaptic Chiropractic – Fourth Plain Shopping Ctr | 3021 NE 72nd | 2,306 RSF
Spring Water Natural Medicine – 4970 SW Main St. Bvtn | 1,841 RSF
DesignDex (A/E|apparel|graphic d)
Garmont NA – 308 NW 11th Ave | 2,101 RSF
C2F – Utility Industrial Ctr | 7805 SW Hunziker Rd | 7,000 RSF
NonProfDex (charitable|education|trade assoc)
United Cerebral Palsy Association of Oregon – 305 NE 102nd Ave | 10,696 RSF
Westside Music School – 167 East Biz Park | 1800 NW 167th Pl | 2,365 RSF
Paladan Elementary School – North Twin Bldg | 15285 NW Central Dr | 1,857 RSF
Identity Clark County – Pacific Tower | 915 Broadway | 1,260 RSF
MediaDex (digital|traditional|market research)
Vox Public Relations – Loyalty Building | 317 SW Alder | 1,763 RSF
SALE
Property: Donnelly Museum Building
Address: 3934 SW Corbett Avenue, Portland, Oregon 97239
Seller: Donnelly Museum Building LLC
Buyer: Heritage Tree Properties LLC
Size: 7,500 RSF
Price: $1,150,000.00 or $153 per SF
Details: Owner/user building. Previous uses include office space for a software firm and as a gallery.
Who’s On The Move – Two Weeks Ending 10/29/11
Posted in building sale, commercial real estate, headquarters, lease, new office, office space, portland, renewal, rental rate, square feet, start up, vancouver, tagged academy for kids, advanced arm dynamics, atkins north america, cat adoption team, commercial real estate, david reichle, dotster, everest institute, flashtotalkcorp, lease, marshall group enterprises, office buildings, office space, oregon primary care association, portland, rayonet, rental rate, ride connection, saatchi, square feet, stefani chaidez, sublease, vancouver on November 1, 2011| Leave a Comment »
GeneralBizDex (consulting|finance|insurance|legal|other)
Stefani Chaidez – Bank of America Financial Ctr | 121 SW Morrison St | 4,324 RSF renewal
David Reichle – Bank of America Financial Ctr | 121 SW Morrison St | 1,579 RSF
DesignDex (A/E|apparel|graphic d)
Atkins North America – The Round | 12725 SW Millikan Way | 2,662 RSF
TechDex (apps|provider|hardware|var)
FlashtoTalkCorp – 6443 SW Beaverton-Hillsdale Hwy | 4,756 RSF
Dotster – Parkway Plaza II | 8100 NE Parkway Dr | 11,211 RSF renewal
HealthDex (hospital/provider|managed care|equipment)
Oregon Primary Care Association – 310 SW Fourth Ave | 4,756 RSF
Marshall Group Enterprises – 8020 SW Pfaffle St | 2,231 RSF
Advanced Arm Dynamics – Franklin Commons | 9379 SW Greenburg Rd | 3,689 RSF
MediaDex (traditional|digital|market research)
Saatchi & Saatchi – United Carriage Bldg | 700 SW Taylor St | 2,300 RSF
NonProfDex (charitable|education|trade assoc)
Academy For Kids – Sunnyside Plaza | 14755/4799 SE Oregon Trail Dr | 10,842 RSF
Ride Connection – 847 NE 19th | 10,258 RSF
Cat Adoption Team – Scholls Crossing Ctr | 4836 SW Scholls Ferry Rd | 3,550 RSF
Everest Institute – Plaza West | 9600 SW Oak St | 20,646 RSF
SALES
Address: 12303 NE 56th St., Vancouver, WA
Seller: Concannon Investments LLC
Buyer: Moor Enterprises LLC
Size: 33,000 SF
Price: $2,800,000
Details: New HQ for Rayonet Corp. Flex property with industrial component.
Address: 14801 Kruse Oaks Blvd, Lake Oswego, OR
Seller: Stancorp Real Estate LLC
Buyer: Kensington Management LLC
Size: 7,925 SF
Price: $4,000,000
Details: Retail property
Address: 1430 NW Glisan, Portland, OR
Seller: Undisclosed
Buyer: 14th and Glisan LLC (George Diamond, Mike Diamond, Nicholas Diamond)
Size: 20,000 SF half block
Price: $2,800,000
Details: Same buyers own adjacent half block on 14th and Flanders
Who’s On The Move – Week Ending 10/07/11
Posted in building sale, commercial real estate, lease, LEED, office brokerage, office space, oregon, portland, renewal, rental rate, start up, sublease, Vacancies, vancouver, tagged butler partners, commercial real estate, community management, dice games, discoverorg, Douglas Angell, Eastridge Business Park, fmyi, karamar exclusives, lease, nlight, northwest engineering, office space, oregon human development, oregon pediatric, rental rate, sedia biosciences, sheridan levine, square feet, sublease, zirous on October 10, 2011| Leave a Comment »
GeneralBizDex (consulting|finance|insurance|legal|other)
Douglas Angell Law – 5075 SW Griffith Dr | 1,892 RSF
Sheridan Levine – One Centerpointe | 1 Centerpointe Dr | 3,261 RSF
Butler Partners – Jefferson Office Pk | 2110 SW Jefferson St | 1,545 RSF
Community Management – Vancouver Mall Biz Pk | 5123 NE 94th | 2,736 RSF
TechDex (apps|provider|hardware|var)
FMYI – Leftbank Building | 240 N Broadway | 1,273 RSF
nLight Photonics – Panther Systems | 5408 NE 88th St | 10,000 RSF sublease
Zirous – 620 Building | 620 SW Fifth Ave | 1,764 RSF
NonProfDex (charitable|educational|trade assoc)
Oregon Human Development Corp – 9600 SW Oak St | 3,181 RSF
Westside Service Ctr – 12945 SW Beaverdam Rd | 2,940 RSF
Oregon Pediatric Society – Kruse Way Place | 4000 Kruse Way | 1,506 RSF
HealthDex (hospital/provider|managed care|equipment)
Karamar Exclusives – 340 Oswego Pointe Dr | 1,760 RSF
DesignDex (A/E|apparel|graphic d)
Northwest Engineering Systems – 7000 SW Redwood Lane | 9,000 RSF
SALE
Property: EastRidge Business Park Building 26
Address: 12518 NE 95th Street, Vancouver, WA
Size: 8,632 RSF
Price: Undisclosed
Seller: Matrix IV-SEB WA
Buyer: DiscoverOrg
Who’s On The Move – Week Ending 09/30/11
Posted in building sale, commercial real estate, downsizing, headquarters, lease, LEED, new office, office brokerage, office space, oregon, portland, renewal, square feet, Vacancies, vancouver on October 3, 2011| Leave a Comment »
TechDex (apps|provider|hardware|var)
Xilinx – Willamette Wharf | 4640 SW Macadam Ave | 5,015 RSF downsize
Tenrec – 400 SW Sixth Ave | 2,200 RSF
Aivea – Amberglen | 1600 NW Compton Dr | 3,793 RSF
SustainDex (environmental|sustainable|clean/biotech)
Sedia Biosciences – Pacific Business Park S | 4900 NE 122nd Ave | 4,513 RSF
GeneralBizDex (consulting|finance|insurance|legal|other)
River City Group – One Embassy Centre | 9020 SW Washington Sq | 4,351 RSF
The Rickles Law Firm – 19839 NW 24th Ave | 1,800 RSF
Empire Food Brokers – Airport Biz Center | 6623 NE 78th Ct | 1,849 RSF
The Logs Group – One Tech Center | 1499 NE Tech Center Dr | 3,677 RSF
Suburban Propane – One Tech Center | 1499 NE Tech Center Dr | 2,617 RSF
HealthDex (hospital/provider|managed care|equipment)
Nu U Laser – Cascade Square | 8625 SW Cascade Ave | 2,501 RSF
Medical Consultants Network – Plaza West | 9600 SW Oak St | 2,797 RSF
Concentra Health Services – Tanasbourne Town Ctr | 2225 NW Town Ctr Lp | 8,000 RSF
Aspen Dental – Tanasbourne Town Ctr | 2225 NW Town Ctr Lp | 4,000 RSF
Virginia Garcia Memorial Health – 2935 SW Cedar Hills Blvd | 11,850 RSF
Daybreak Youth Services – Crestwood Biz Ctr | 11818 NE Mill Plain Blvd | 1,096 RSF
DesignDex (A/E|apparel|graphic d)
Bogs Footwear – Eastbank Commerce Ctr | 1001 SE Water Ave | 4,000 RSF
Office 52 Architecture – Olymplic Mills Commerce Ctr | 107 SE Washington | 1,865 RSF
Atkins North America – The Round | 12725 SW Millikan Way | 2,662 RSF
GovDex (government)
Clark County Prosecutors Office – 800 Franklin Building | 6,000 RSF
SALE
Property: 6600 Whitney Road, Hazel Dell, WA
Buyer: Schmidchis Holdings
Seller: Whitney Road TIC
Size: 11,200 RSF
Price: $519,000
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