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Posts Tagged ‘kruse way’

TechDex (apps|provider|hardware|var)
Westside
Perceptive Pixel – Kruse Way Place 1 | 4000 Kruse Way | 2,152 SF
Biamp – Nimbus Corp Ctr | 9300 SW Gemini Dr | 70,944 SF
Central Business District
OCHIN – Union Bank of Cal | 707 SW Washington | 5,094 SF sublease
MediaDex (traditional|digital|research)
Central Business District
Overland Agency – DeSoto Building | 720 NW Davis St | [...]

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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 Business District
Benefit Partners – Bank of America | 121 SW Morrison | 2,450 [...]

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LEASE CANCELLATIONS – CHAPTER 11 FILINGS FREE UP OFFICE SPACE
Several national companies announced lease cancellations as part of their Chapter 11 filing in various U.S. Bankruptcy Courts. MagnaChip Semiconductor Ltd., based in Seoul, South Korea, is cancelling five leases across the U.S. including a  3,700 square foot office lease on Kruse Way (Kruse Woods I).  This [...]

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The big story today in commercial real estate is the failure of national mall owner General Growth Properties to secure a nine month extension from bondholders. Based in Chicago, GGP is now on the verge of filing banktruptcy and trying to work out payment to banks, pension holders and bondholders. GGP has warned the SEC [...]

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Top 25  U.S. Office Property Owners
Though Portland is a second tier market from a commercial real estate standpoint,  several national portfolios have a stake in our market .  Of the top 25 office property portfolio owners in the U.S., 9 of them have holdings in the Portland/Vancouver area.  Shorenstein Properties is the largest holder in Portland with properties [...]

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 OutLook For 2009

Although the vacancy level is only up slightly at 9%, we believe the market is much softer.
Free rent, moving allowances, discounted rent and additional tenant improvement allowances will be the norm in 2009.
Concessions will vary by market. The Sunset Corridor, for instance, is seeing upwards of 12 months of free rent whereas the [...]

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I came across an interesting report called “The Best Places in the World to Buy Real Estate” (Forbes online http://tinyurl.com/crvlr2).  Interestingly, it had Houston ranked 9th overall for strong office space demand and rental rates up from $21.06 in 2006 to $29.00 in 2009.  The winner is Washington D.C., who has the US government pouring millions into the [...]

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