U.S. Bancorp recently sold the tower to Unico Properties of Seattle, which received financing from Cigna. The size and timing of any upcoming deal are yet to be determined.
Wilshire Real Estate Investments, which got hammered in the 1998 bond market collapse, has shed its REIT status, sold off assets and restructured a credit line. Now it's ready to get back into the opportunistic investment business.
July 14, 2000 Lincoln Center, a 730,000-square-foot office complex near Portland, is being offered for sale. The property, which contains six office buildings, two restaurants and a retail area, is being shopped by Eastdil Realty and Norris, Beggs & Simpson, ...
A wave of apartment development in the late-1990s led to an increase in vacancies in the Portland apartment markets. Rents should begin to climb now that those vacancies and rising interest rates have kept new development in check.
The US Bancorp Tower is also known as "Big Pink"
The campus is about 90 percent leased to mostly smaller tenants.
April 27, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorPORTLAND, Ore. - Transwestern Investment Co. is proceeding with construction of a flex/industrial development despite concerns about an oversupply of commercial office space in Portland's tech-heavy Sunset Corridor.Transwestern, which ...
Mark Pottschmidt and Jon Meyer of Columbus, Ohio, have bought five properties along Eighth Avenue in Homestead and plan to buy more.
November 9, 1999 Associated PressPORTLAND, Ore. – Trammel Crow Company and Bechtel Enterprises have teamed up to develop a mixed-use commercial development near Portland International Airport. CascadeStation is a 120-acre project that will have access to light rail and both ...
Renaissance Holdings, a sub-prime lender, is slated to occupy the Tigard Corporate Center, a soon-to-be completed office complex in suburban Portland, Ore.
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