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 including Congress Center, most of Kruse Way, and First and Main (the building under construction and located at the westside Hawthorne bridgehead). Our market has often been considered a stable investment, with less exposure to extreme swings and, thus, a good market to place investments during erratic times, high or low.
The properties highlighted in red have interests in the Portland/Vancouver area.
- RREEF | New York, NY | 93.6 million SF
- Brookfield Properties | New York, NY | 59.5 million SF
- The Blackstone Group | New York, NY | 57.9 million SF
- Hines | Houston, TX | 55.4 million SF
- CB Richard Ellis Investors | Los Angeles, CA | 49.8 million SF
- TIAA-CREF | New York, NY | 47 million SF
- ING Clarion Partners | New York, NY | 46.8 million SF
- Vornado Realty Trust | New York, NY | 44.2 million SF
- Boston Properties | Boston, MA | 43.8 million SF
- LaSalle Investment Management | Chicago, IL | 39 million SF
- Duke Realty Corp | Indianapolis, IN | 36.3 million SF
- HRPT Properties Trust | Newton, MA | 35.3 million SF
- Mack-Cali Realty Corp | Edison, NJ | 33.3 million SF
- SL Green Realty Corp | New York, NY \ 32.2 million SF
- Brandywine Realty Trust | Radnor, PA | 31.9 million SF
- Behringer Harvard | Addison, TX | 30.4 million SF
- J.E. Roberts Cos | McLean, VA | 27.7 million SF
- Highwoods Properties | Raleigh, NC | 25.7 million SF / Liberty Property Trust | Malvern, PA | 25.7 million SF
- Shorenstein Properties | San Francisco, CA | 21.3 million SF
- Wells Real Estate Funds | Norcross, GA | 20.5 million SF
- KBS Realty Advisors | Newport Beach, CA | 18.7 million SF
- Inland Real Estate Group | Oak Brook, IL | 18 million SF
- AEW Capital Management | Boston, MA | 15.3 million SF
- Lincoln Property Co | Dallas, TX | 14.6 million SF
- Forest City Enterprises | Cleveland, OH | 13. 4 million SF
Much of the commercial property in Portland/Vancouver is owned by local/regional players who are not looking to compete with large, national REITs (Real Estate Investment Trusts). Some of the larger local owners are American Property Management (2+ million SF), Bill Naito Company (1+ million SF), Harsch Investment Properties (1.5+ million SF) and Gramor Development (1.7 million SF). These owners are often family-based businesses with a long history of real estate development in the region.
MediaDex (traditional|digital|research)
Struck Creative - Skidmore Building | 24 NW First Ave. | 2,752 SF
DesignDex (A/E|consulting|graphic d)
Aras Systems – Cascasde Plaza West | 12655 NW Center St. | 4,731 SF
HealthDex (hospital/provider|managed care|product provider)
PT on Call – Park Tower 1 | 201 NE Park Plaza | 2,564 SF
Maxim Healthcare - First Place Plaza | 12503 SE Mill Plain Blvd | 1,612 SF
