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Archive for August, 2009

Groundbreaking has begun on a new $43.5 million Applied Technology facility at the WSU Vancouver Campus. In part, the construction of this facility is designed to attract students and build on the local region’s growing technology industry. The new four-story building will be home to 56,000 square feet of lab and classroom space for a new [...]

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Recent Building Sales Westside Buyer: Fit Right Northwest Seller:  American Industries Property: 2258 NW Raleigh, Portland, OR 97210 Size: 5,000 SF Price: $800,000 SustainDex (environmental|sustainable|clean_biotech) Central Business District SunPower – The LoveJoy | 1331 NW Lovejoy | 2,458 SF Eastside Solar Nation – Columbia Gorge Corp Ctr | 17116 NE Sandy | 8,375 SF GeneralBizDex (consulting|finance|insurance|legal|other) Central [...]

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A proposed change to corporate lease accounting rules could have a massive financial impact on companies with lease obligations. The proposed changes are set to alter national and international real estate leases.  While not yet approved, the proposed changes (presented by the Financial Accounting Standards Board or FASB and the International Accounting Standards Board or [...]

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Recent Building Sales: Westside Buyer: City County Insurance Services Seller:  Haines Building LLC Property: 11625 and 11675 SW 66th St., Tigard, Oregon Size: 13,563 SF Price: $2.25 million Buyer: Kashi Management Inc. Seller: Hancar LLC Property: 10101 S.W. Barbur Blvd., Portland, Oregon Size: 10,986 SF Price: $1.325 million. HealthDex (hospital/provider|managed care|equipment) Vancouver Addus Health Care [...]

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Apparently downtown Vancouver is quickly becoming a hotbed of activity for banks. With so many financial institutions making the move into into the core over the last three years (albeit some of them have not survived this past year – Bank of Clark County for one), one might think Vancouver was on track to becoming [...]

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Government Services Agencies looking for new offices The Edith Green Wendell Wyatt Federal Building is slated to begin massive renovations at the end of this year or early 2010. The $133 million project will cover seismic upgrades, new windows, HVAC and security system overhauls among other things. This project was first considered back in 2007, [...]

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NonProfDex (charitable|education|trade assoc) Eastside Oregon Education Assoc. – MMC Building | 333 SW 223rd, Gresham | 3,445 SF TechDex (apps|provider|hardware|var) Westside AuctionPay – Tigard Triangle Corp Ctr | 13221 SW 68th | 14,580 SF renewal MediaDex (traditional|digital|research) Central Business District Bradshaw International – 4800 SW Macadam | 2,794 SF GeneralBizDex (consulting|finance|insurance|legal|other) Central Business District Strategic Investment Group [...]

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The General Automotive Building (411 NW Park) premiered it’s brand new look on August 6th, including two floors added to the top of the building. The developers, ConoverBond Development, focus on urban redevelopment projects including historic building renovations. This is a fairly new venture for them in the Portland market. The building is located on the North Park [...]

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Despite the glut of condos on the market, Portland’s multifamily vacancy rate is relatively low compared to other markets in the U.S.  According to a report issued by commercial real estate tracker CoStar, the national vacancy rate for this type of property was 10.6% at the end of the second quarter. This is a jump from a [...]

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Just today, I was discussing this very topic with people I met at a local lunch event. The impending commercial mortgage issue is a doozy and while the economy is showing signs of bottoming out and turning toward a slow, slow recovery many believe this is a recession/recovery looking more like a “W” than a “V” or “U”.  [...]

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