A group of local investors paid $4.3 million for the ecoFlats Apartments, a mixed-use property with 18 apartment units and 3,700 sf of retail space in North Portland. NAI Norris, Beggs & Simpson Vice President Robert Black represented the seller, 3935 N. Williams LLC.
“This sale is significant because ecoFlats is one of the first newly constructed properties from this past building cycle to be sold,” Black said of the project, which delivered in March 2011. “This is an incredibly unique property, and its high level of sustainability and ideal location appealed to buyers.” More >
NAI Norris, Beggs & Simpson announced its top producers of 2012 at a great Olympics-themed awards banquet this past weekend in Portland.
Multifamily investment sales broker Robert Black was named #1 top producer in the brokerage division. Downtown office broker Sean Turley came in second, office broker Charlie Floberg third and Vancouver office broker Tamara Fuller placed fourth. Investment broker MaryKay West rounded out the top 5.
NAI Global Affiliates in Seattle and Vancouver, Wash., Broker Sale of 94,000 SF Kent Business Center
Killian Pacific, a commercial real estate development and investment company based in Vancouver, Wash., has purchased Kent Business Center, a 93,999 sf flex/industrial property in Kent, Wash., an area south of Seattle. More >
The Holt Distressed Property Fund has purchased Lot 1 at the Riverscape Development, a 1.5-acre parcel on the riverfront in the urban core. The lot is within the River District Urban Renewal Area at 2200 NW Front Avenue, and is designated for residential mixed-use development. More >
NAI Norris, Beggs & Simpson Senior Property Manager Christina DuCoté will serve as the 2013 President of the Institute of Real Estate Management (IREM) Oregon-Columbia River Chapter No. 29. More >
Vancouver Public Schools has listed the former City Hall in downtown Vancouver for sale, and enlisted NAI Norris, Beggs & Simpson Principal, Director of Vancouver Production Charlie Kleier and Senior Real Estate Broker Doug Bartocci to sell the property. More >
NAI Norris, Beggs & Simpson’s Charlie Kleier, a longtime Vancouver investment broker and partner in the company, is taking over management of the company’s Vancouver office. His new title is Principal, Director of Vancouver Production.
Kleier is an investment broker who has been with NAI NBS since 1989. In addition to his new role and duties, he will continue to be active in brokerage production. He became a partner in Norris, Beggs & Simpson Companies in 2004. More >
Interface Engineering, in coordination with NAI Norris, Beggs & Simpson, will issue a Request for Proposals (RFP) to develop a highly sustainable office environment for the engineering firm’s Portland staff. As the first step in the RFP process, NAI NBS and Interface are distributing a Submission of Interest request, which can be downloaded here.
The vision and program for its future space reflects Interface’s strong commitment to a headquarters office that is a Living Building and fulfills the firm’s following mission:
To develop a highly sustainable office environment at sustainable ownership/lease rates as a living laboratory to design, implement and test innovative green building techniques, advancing industry knowledge to achieve high performance buildings.
Interface has engaged NAI NBS to manage the proposal and interview sequence as an objective and transparent process. Because Interface is seeking an ownership position in its future headquarters, the pending RFP will solicit proposals from developers and/or potential owner partners interested in highly sustainable design and construction projects. More >
Eastern Real Estate Begins Renovation of Portland’s Historic US Custom House; Space in Pearl District Office Building Will Be Available in Early 2013
With the acquisition of the US Custom House complete, new owner Eastern Real Estate LLC is embarking on a renovation of the historic office building.
Eastern, a California and Massachusetts-based real estate company, acquired the 78,838 square foot building from the General Services Administration (GSA) in a government auction and closed in early October. The company has commissioned a number of local firms, including GBD Architects, Lorentz Bruun Co. and KPFF Consulting Engineers, to work on the project. First Republic Bank’s Portland office provided the financing. NAI Norris, Beggs & Simpson Senior Vice President Sean Turley and President Chris Johnson are leasing the space, which is expected to be ready for occupancy in early 2013. More >