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COW_Portland_September8

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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.

Tied with SanFran for lowest office vacancy

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Jones Lang LaSalle Portland creates a Chart of the Week (fondly coined the COW) which shows various trends and change in our area vs. the rest of the U.S.  When it comes to technology, food, and transportation we often rank near the top. This week, in addition to some noteworthy technology firms gaining traction on the national scene, Portland also ranked high for women entrepreneurs.

COW

Forbes Most Promising Tech Firms and Women Entrepreneurs

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Oregon ranked #2 for inbound residential migration, just behind Washington D.C.  One might consider D.C. a bit of a salad spinner given the primary employment is government and that rotates frequently.  New Portland residents are moving from:

1. California

2. Texas

3. Arizona

4. Illinois

5. New York

COW_Portland_February 21_

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TechDex (apps|provider|hardware|var)

Central Business District

EcoZoom – U-Store West | 2820 NW Nela St | 2,389 RSF

Elemental Technologies – Broadway Commons | 225 SW Broadway | 16,730 RSF

Westside

Technocom – Canyon Creek | 7929 Burns Way – Wilsonville | 10,360 RSF

Mainstreet Software – Nimbus Corp Ctr | 9600 SW Nimbus Ave | 3,635 RSF

IBM – Amberglen Corp Ctr | 1385 NW Amberglen Pkwy | 24,807 RSF

Clear Channel – Triangle Pointe | 1333 SW 68th Pkwy | 25,859 RSF

USF Reddaway – SouthCenter – Bldg H |7720 SW Mohawk St | 24,113 RSF

Applied Materials – AmberGlen Business Ctr | 20575 NW Von Neumann Dr | 20,637 RSF

Eastside

Vendscreen – Cascade Station | 9600 NE Cascades Pkwy | 5,637 RSF

Vancouver

Advantel – VancouverCenter | 700 Washington St | 3,230 RSF renewal

NXP Semiconductors – Park Tower Biz Ctr | 201 NE Park Plaza Dr | 1,240 RSF renewal

Jenkon – Park Tower Biz Ctr | 203 SE Park Plaza Dr | 10,257 RSF

MediaDex (traditional|digital|research)

Central Business District

ThinkType – Lombard Building | 224 SW First Ave | 2,500 RSF

MP Event Productions – Pythian Bldg | 918 SW Yamhill | 10,000 RSF

GeneralBizDex (consulting|finance|insurance|legal|other)

Central Business District

Schulte Anderson Downes Aronson Bittner – Paulson Bldg | 811 SW Naito Pkwy | 8,568 RSF renewal

S.R. Smith LLC – Andrus Building | 227 NW Third Ave | 3,043 RSF

Eastside

Concannon Lumber – Pacific Plaza | 2950 SE Stark St | 3,124 RSF

Land Use Consulting – Whitaker Way Industrial Pk | 13115 NE David Circle | 3,576 RSF

Westside

Thenell Law Group – Pacific Parkway Ctr | 12909 SW 68th Pkwy | 3,400 RSF

Robyn’s Nest Property Mgmt – Murrayhill Marketplace | 14780 SW Osprey Dr | 2,499 RSF

Academy Mortgage – Three Centerpointe | 3 Centerpointe Dr | 2,201 RSF

Life Safety Corp – Sunset Hwy Biz Pk | 23710 NW Clara Lane | 2,953 RSF

Diversified Consultants – SouthCenter | 7575 SW Mohawk St | 12,927 RSF

Voyager Enterprises – Cornell Center | 16155 NW Cornell Rd | 1,794 RSF

Vancouver

Susan Gregg Insurance – The Timbers | 9120 NE Vancouver Mall Loop | 1,275 RSF

Precision Lumber – Park Tower Biz Ctr | 201 NE Park Plaza Dr | 1,786 RSF

Grant Gehrmann Law – Park Tower Biz Ctr | 203 SE Park Plaza Dr | 1,585 RSF

HealthDex (hospital/provider|managed care|equipment)

Westside

Legacy Health – Cornell Medical Plaza | 1960 NW 167th | 13,618 RSF

Forbes Optical – Willamette Marketplace | 2020 W Eighth | 1,871 RSF

Pacific NW Renal Svs – Sunset Oaks Ctr | 5333 W Baseline Rd | 7,234 RSF

Central Business District

Oregon Eye Specialists – Willamette Park Plaza | 6420 SW Macadam Ave | 3,673 RSF

GovDex (government)

Eastside

Pacific States Marine Fisheries – River Park Center | 205 SE Spokane St | 15,407 RSF renewal

SALE

Property: First Tech Credit Union

Address: 3555 SW 153rd Drive, Beaverton, OR

Size: 50,000 RSF

Price: $11,640,000

Buyer: FT Equities

Sellers: 1438 I Street LLC and PKM Properties II LLC

 

 

Property: Macleay Apartments

Address: 1931 NW 29th Avenue, Portland, OR

Size: 14 units

Price: $1,800,000

Buyer: Atherton LLC

Seller: Gafco Properties LLC

 

 

Property: Sara Ann Apartments

Address: 2255 NW Johnson Street, Portland, OR

Size: 16 units

Price: $1,450,000

Buyer: Sara Ann LLC

Seller: Gafco Properties LLC

 

 

Property: Charlotte Rose Apartments

Address: 2235 NW Johnson Street, Portland, OR

Size: 16 units

Price: $1,400,000

Buyer: Charlott Rose LLC

Seller: Gafco Properties LLC

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TechDex (apps|provider|hardware|var)

Central Business District

Syn-Apps – 1100 Building | 1100 NW Glisan St | 2,617 RSF

NonProfDex (charitable|education|trade assoc)

Eastside

Summer College – 8338 NE Alderwood | 8,827 RSF

Westside

Democratic Party of Oregon – Hall Retail Plaza | 10120 SW Hall Blvd | 2,730 RSF

GeneralBizDex (consulting|finance|insurance|legal|other)

Westside

InfoGroup Northwest – One Centerpointe | 1 Centerpointe Drive | 3,948 RSF

Vancouver

JEC – Columbia Tech Center | 1499 SE Tech Ctr Pl | 1,764 RSF

HealthDex (hospital/provider|managed care|equipment)

Central Business District

Zoomcare – Standard Insurance Ctr | 900 SW Fifth Ave | 1,800 RSF

OHSU – Fifth Avenue Bldg | 1400 SW Fifth Ave | 8,227 RSF

Bridgetown Physical Therapy – Crown Plaza | 1500 SW First Ave | 4,429 RSF

Westside

Beaverton Eye Health – Progress Ridge Town Sq | SW Murray Blvd & Barrows Rd | 1,213 RSF

SustainDex (environmental|sustainable|clean/bio tech)

Central Business District

River Network – Police Building | 209 SW Oak St | 3,365 RSF

GovDex (government)

Eastside

FBI – Cascade Station | 9109 NE Cascades Parkway | 134,159 RSF new construction

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MediaDex (traditional|digital|research)

Vancouver

Integrated Cloud Intelligence – 1331 Washington St | 1,800 RSF

TechDex (apps|provider|hardware|var)

Central Business District

Synotac Design – Oregon Trail Bldg | 333 SW Fifth Ave | 2,366 RSF

Sensory Inc – Design Center | 735 SW 20th Place | 3,637 RSF

Geoloqi – Auditorium Bldg | 920 SW Third Ave | 3,833 RSF

Vizify – Stevens Bldg | 812 SW Washington St | 1,137 RSF

Westside

Ultra Clean Technology Systems – Cascade Square | 8625 SW Cascade | 1,209 RSF

Integrated Surveillance and Defense – Canyon Creek Biz Pk | 25999 SW Canyon Creek | 5,000 RSF

GeneralBizDex (consulting|finance|insurance|legal|other)

Westside

Strategic Wealth Managment – Pacific Financial Ctr | 12205 SW Tualatin Rd | 1,380 RSF

Comprehensive Insurance Svs – 18662 SW Boones Ferry Rd | 1,950 RSF

RP Northwest – 940 SW Beaverton-Hillsdale Hwy | 2,644 RSF

Central Business District

Hart Wagner – 1000 Broadway Bldg | 1000 SW Broadway | 32,862 RSF renewal

Vancouver

GE – Barrett Bldg | 6100 NE Parkway Dr | 6,170 RSF renewal

FunDex

Central Business District

An Affair to Remember – 2121 NW Front Ave | 11,984 RSF

HealthDex (hospital/provider|managed care|equipment)

Westside

No Worries Corp – Nimbus Corp Ctr | 9030 SW Gemini Dr | 3,233 RSF

Central Business District

Therapeutic Associates – Mikado Building | 117 SW Taylor St | 3,610 RSF

 

SALES

Property Type: Industrial

Address: 11316 NE Highway 99, Vancouver, WA

Seller: BMC West Corp.

Buyer: D.E. Legacy LLC

Price: $1.67 M

Size: 18,800 SF

 

Property Type: Industrial – Oregon Spice Warehouse

Address: 13320 NE Jarrett, Portland, OR

Seller: SF 138 LLC

Buyer: 138 Jarrett LLC

Price: $1.7 M

Size: 23,103 SF

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