December 15, 2016
After Macy’s deal, affiliated investors sell downtown office buildings for $33.4M
After Macy’s deal, affiliated investors sell downtown office buildings for $33.4M Dec 8, 2016, 6:00am PST | Jon Bell | Portland Business Journal An affiliate of the company that just …

Read more

After Macy’s deal, affiliated investors sell downtown office buildings for $33.4M

Dec 8, 2016, 6:00am PST | Jon Bell | Portland Business Journal

An affiliate of the company that just a few weeks ago bought five floors of the iconic Meier & Frank Building in Portland has now sold one of its other downtown assets for $33.4 million.

KBS Real Estate Investment Trust, an affiliate of KBS Realty Advisors, has sold the CDK Plaza to Bixby Land Company for $33.4 million. Based in Newport Beach, California, Bixby is planning to make significant upgrades to the 185,729-square-foot plaza, which is its first foray into the Portland market. The four-story, two-building office plaza is located at 2525 S.W. First Ave.

Those upgrades will run about $7.5 million and include a re-design of the plaza and courtyard between the two buildings, new lobbies and landscaping.

“The improvements we have planned will make this office campus much more appealing to companies looking for a progressive work environment,” said Mike Severson, Bixby’s senior vice president of investments, in a release. “We view this as an excellent opportunity to apply our experience gained through the repositioning of some 30 office buildings throughout California.”

Read Full Article Located Here

Recent

Shorehaven Mixed-Use Development Tops Out in Tempe

Shorehaven Mixed-Use Development Tops Out in Tempe

Cantor Fitzgerald and Silverstein Properties mark a milestone with Shorehaven, a new luxury mixed-use project on Tempe Town Lake, featuring residential units, retail, and community amenities for a premier waterfront experience.
Leitbox White Paper: Generating Liquidity

Leitbox White Paper: Generating Liquidity

Read Leitbox's white paper for key insights on overcoming liquidity challenges and innovative strategies for effective capital return in today's market.

Most Popular

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 10-3-2023 Blue Vault wishes to acknowledge and apologize for the delay in publishing some Q2 2023 NTR Individual Performance Pages (IPPs) as well as the full review. We recently added additional reporting metrics to our IPPs, and that, combined with coverage of all share classes and some additional…
Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 9-25-2023 Blue Vault has published the Q2 2023 Nontraded BDC Industry Review as well as Individual Performance Report and Limited Operations pages for the following offerings (newly published pages in bold font): Nontraded REITS American Healthcare REIT Q2 2023 Apollo Realty Income Solutions Q2 2023 (limited operations) Ares…

Explore

Blue Vault Logo
Don’t miss alts news
and educational events

Subscribe Now