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Posts Tagged ‘vancouver’

Oregon ranks #1 among the states when it comes to the portion of the GDP which can be attributed to manufacturing. Oregon’s manufacturing, specifically durable goods, continues to be a strong contributor to our economy. Durable good manufacturing is very cyclical and jobs are directly tied to overall output. This will bode well for Oregon’s employment as production continues to accelerate.  A trend of expanding and bringing manufacturing back into the states, “reshoring”, has recently been seen in Portland by the likes of Oracle and Shimadzu.

OR GDP is 29% manufacturing

OR GDP is 29% manufacturing

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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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GovDex (government agencies)

Vancouver

US Forest Service – Gifford Pinchot Building | 10600 NE 51st Circle | 40,664 RSF renewal

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

Westside

Norpac – Arneson Building | 4350 SW Galewood Rd | 20,844 RSF

D. Hawes & Associates – Hilltop Business Ctr | 7360 SW Hunziker Rd | 2,003 RSF

Central Business District

Kerns & Thompson – Harrison Square | 1800 SW First Ave | 7,100 RSF

Eastside

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)

Westside

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)

Central Business District

Medical Staffing Network – Riverside Centre | 5100 SW Macadam Ave | 2,345 RSF

Eastside

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

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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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MediaDex (traditional|digital|research)

Central Business District

Fluid Market Strategies – Broadway Building | 625 SW Broadway | 3,336 RSF expansion

Salt Communications – Jackson Tower | 806 SW Broadway | 1,792 RSF

TechDex (apps|provider|hardware|var)

Central Business District

Monsoon – Tech Arts Block | 520 NW Davis St | 17,764 RSF renewal

Meridian Apps – Graphic Arts Bldg | 108 NW 9th | 2,022 RSF

Night & Day Studios – Terminal Sales Bldg | 1220 SW Morrison St | 1,000 RSF

Vancouver

Simplexity Product Development – One Tech Center | 1499 SE Tech Center Dr | 1,402 RSF

HTG Inc – Columbia Business Center | 2801 SE Columbia Way | 23,024 RSF sublease

HealthDex (hospital/provider|managed care|equipment)

Central Business District

Kinetic Integration Sports Injury Rehab – 625 NW 17th Ave | 6,810 RSF

City Chiropractic – Jackson Tower | 806 Broadway | 2,832 RSF

Westside

Levison Dental – Oswego Towne Square | 9 Monroe Pkwy | 2,110 RSF

Whole Family Wellness Ctr – 1340 SW Bertha Blvd | 1,511 RSF

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

Central Business District

Lorber Greenfield & Polito – Columbia Square | 111 SW Columbia St | 4,936 RSF

Avant Assessment – Harrison Square | 1800 SW First Ave | 4,140 RSF

Hawkins Delafield & Wood – 200 Market Bldg | 200 SW Market St | 5,500 RSF

 

SALES

Property: Madison Office Condos

Address: 1140 SW 11th Street, Portland, OR

Buyer: Cocobolo LLC

Seller: Madison Place 4th Floor Holding LLC

Size: 6,193 RSF

Price: $1,580,000 or $255/RSF

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

Vancouver

Aacres – Thurston 500 | 4317 NE Thurston Way | 2,620 RSF

GE – Barrett Building | 8100 NE Parkway Dr | 6,170 RSF

Union Pacific – Park Tower 3 | 222 NE Park Plaza Dr | 3,925 RSF renewal

Action West – Park Tower Addition | 201 NE Park Plaza Dr | 4,822 RSF renewal

Legacy Group Lending – Park Tower 4 | 12500 SE Second Circle | 1,565 RSF renewal

Joemar – Park Tower 5 | 13115 NE 4th St | 2,290 RSF renewal

Central Business District

Atlantic and Pacific Real Estate – 4800 SW Macadam Ave | 3,472 RSF sublease

Mass Ingenuity – Water Tower | 5331 SW Macadam Ave | 2,429 RSF

Westside

Omego Morgan Holdings – 23780 NW Huffman Rd | 2,880 RSF sublease

Eastside

Clear Skies Virtual Events – Hollywood Station | 4224 NE Halsey | 2,415 RSF

Cobalt Mortgage – Sunnyside Plaza | 10001 SE Sunnyside Rd | 2,290 RSF

SustainDex (environmental|sustainable|clean/bio tech)

Central Business District

American Rivers – Loyalty Building | 317 SW Alder St | 2,992 RSF

NonProfDex (charitable|education|trade assoc)

Eastside

Gresham-Barlow Schools – Gresahm Corp Ctr | 1550 NW Eastman Pkwy | 4,488 RSF

Central Business District

Childroots Northwest – 1740 NW Flanders St | 7,912 RSF

HealthDex (hospital/provider|managed care|equipment)

Westside

Neighborhood Health Center – Beaverton Plaza | 3720 SW 141st Ave | 3,005 RSF

Central Business District

Pearl Dental – Nine Three Seven Condos | 937 NW Glisan St | 2,098 RSF

DesignDex (A/E|apparel|graphic d)

Eastside

Compass Engineering – Minthorn Biz Center | 4107 SE International Way | 4,708 RSF

Central Business District

Lease Crutcher Lewis – 1135 SW Alder St | 15,569 RSF

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

Central Business District

Pickett Dummigan – American Bank Building | 621 SW Morrison St | 5,325 RSF renewal

Squires & Lopez – American Bank Building | 621 SW Morrison St | 4,140 RSF renewal

Finity Group – River Forum I | 4380 SW Macadam Ave | 3,770 RSF

Michael Wise & Assoc – Jackson Tower | 806 SW Broadway | 3,355 RSF

Deschutes Investment Consulting – 200 Market Street | 2,558 RSF

Professionals Insurance Network – CTGR Building | 4445 SW Barbur | 2,199 RSF

Vancouver

Occuscreen – Bank of America Financial Ctr | 805 Broadway | 3,375 RSF

HealthDex (hospital/provider|managed care|equipment)

Eastside

Bristol Hospice – 10365 SE Sunnyside Rd | 2,138 RSF

Westside

Childrens Nursing Specialties – 9900 SW Greenburg Rd | 2,059 RSF

Central Business District

Interventional & Vascular Consultants – Montgomery Park | 2701 NW Vaughn | 2,057 RSF

DesignDex (A/E|apparel|graphic d)

Central Business District

Nitro Print – 1991 NW Upshur St | 2,250 RSF

 

SALES

Property: Museum Place

Address: 1030 SW Jefferson Street, Portland, OR

Seller: Sockeye Museum Place South

Buyer: AEW Capital Management

Price: $55,000,000

Size: 140 apartment units and Safeway ground floor anchor

 

Property: Marine Drive Business Center

Address: 4901 NE 185th Drive, Gresham, OR

Seller: Rose City Development Inc

Buyer: Twietmeyer Seattle LLC

Price: $2,000,000

Size: 27,500 SF industrial/flex/warehouse property

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

Central Business District

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

Westside

Guild Mortgage – Wilsonville Town Ctr | 29100 SW Town Ctr Loop | 3,871 RSF

Vancouver

Guild Mortgage – Park Tower Biz Ctr – Bldg 1 | 201 NE Park Plaza Dr | 4,991 RSF

HealthDex (hospital/provider|managed care|equipment)

Central Business District

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)

Westside

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)

Central Business District

Air Sciences – Overton Pearl | 1626 NW 15th St | 5,400 RSF

TechDex (apps|provider|hardware|var)

Westside

Cricket Communications – Pacific Corp Ctr | 7007 SW Cardinal | 4,481 RSF

Central Business District

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

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It was a fairly strong finish to the year in commercial real estate transactions in Portland/Vancouver. While the markets are no where near the peak of 2007, they are definitely in recovery mode with downtown Portland and Columbia Tech Center in Vancouver both shining spots. Technology, healthcare, sustainable and creative firms have led the way with some notable expansions including PeaceHealth, HP, Lionbridge, OCHIN, Inside Trax, Springbrook Software, Dachis Group, Ebay, SoloPower and EnergyTrust signing big leases in 2011.  2012 should build on this strong momentum through the first half of the year!

TechDex (apps|provider|hardware|var)

Central Business District

Ochin – 1881 Building | 1881 SW Naito Pkwy | 38,316 RSF

Westside

RimTech – Oswego Town Square | 9 Monroe Parkway | 3,567

Electromagnetic Investigations – Tanasbourne Biz Pk | 20811 NW Cornell Rd | 3,889 RSF

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

Central Business District

JE Moody & Co – Pioneer Park Bldg | 625 SW Broadway | 4,342 RSF

Eastside

American Pacific Mortgage – Three Town Ctr | 10121 SE Sunnyside | 2,763 RSF

52 Limited – Cully Building | 330 SE MLK Jr Blvd | 4,400 RSF

RMLS – Portland Int’l Plaza | 8338 NE Alderwood | 9,160 RSF

Westside

Ranstad Staffing – Park 217 Corp Ctr | 12110 SW Garden Place | 3,200 RSF

DesignDex (A/E|apparel|graphic d)

Central Business District

Morrison Hershfield – RiverSide Centre | 5100 SW Macadam Ave | 3,861 RSF

Symbiotics LLC – Paulson Bldg | 811 SW Naito Pkwy | 3,629 RSF

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