Happy Valley office building purchased for $11000000, Oregon City apartments ...

Category: Basic Money Management Published: Sunday, 18 January 2015 Written by Admin

Keys grant will fund programming, placement and internships that will benefit an expected 75 youth when fully deployed. The program will launch in early spring 2015 with trained YouthForce teens helping to deliver the Timbers quality fan experience at Providence Park.

The three-year grant will expand KeyBanks support of the program launched in Seattle by the Boys amp; Girls Clubs of King County. It is the largest single gift made by Key in the Northwest and among the largest ever invested outside Cleveland, its headquarters city.

Expansion of YouthForce to Portland marks a first for Boys amp; Girls Clubs and future expansion to other KeyBank markets may be possible.

YouthForce helps under-served teens prepare for college, careers and life by pairing job preparedness training with paid summer or year-long internships. In King County, where the program has been under way since 1998, approximately 220 youth ages 16 to 19 are enrolled each year. There is a waiting list of more than 800.

Keys bankers in Portland will staff YouthForce University, a volunteer-taught basic money management curriculum developed by KeyBank.

The Timbers expect to have approximately 10 trained YouthForce interns in place for the start of its 2015 season of events at Providence Park.

The Boys amp; Girls Clubs are also seeking additional corporate partners to join the Timbers as employment providers for YouthForce teens.

PORTLAND -- The New York-based Rockefeller Foundation has provided a $23,630 grant to the Portland Business Alliance to help small businesses recruit and train young, local talent who lack resources to develop relevant job skills.

Through this grant, small businesses can learn how to offer employment-based skill training programs as a new way to cultivate the very best future employees. In turn, area youth recruited into the programs will learn valuable, marketable skills while earning a living wage.

With support from the Rockefeller Foundation, Portland Business Alliance will host a Forum Breakfast event on Feb. 18 in downtown Portland. Visit thewebsite for details.

The grant also will fund a small business advisory program that teaches businesses how to adapt innovative new job training tools into their own talent recruitment efforts.

The Portland Business Alliance -- which is Greater Portlands Chamber of Commerce -- will implement these programs in partnership with the Portland Community College Small Business Center, the Small Business Administration, SCORE, Mercy Corps, Portland State University, and other chambers of commerce and business associations.


BEND -- BWR Retail Services, Inc., dba Express Eco Laundromat, has leased 3,270 square feet of space at Twin Knolls Mall, 2570 NE Twin Knolls Drive, Suite 105, in Bend, from Jungers Properties LLC. Christina Chamberlain and Raymond Haija of Norris amp; Stevens represented the landlord and Duane Stevens represented the tenant.

HAPPY VALLEY -- MBRE Healthcare, an operating division of MB Real Estate, Inc., a Chicago based full-service real estate investment company, recently completed the $11,000,000 purchase of Mt. Scott Professional Center II, a 48,500 square foot multi-tenant medical office building located in Happy Valley.

The four-story building was constructed in 2008 and is situated on approximately three acres of land at 9300 SE 91st Ave. Major tenants include Mt. Scott Surgery Center, Metropolitan Pediatrics, and Adventist Health.

Raymond Duchek and Thomas McDowell of Norris amp; Stevens, Inc. represented the seller, Mt. Scott Professional Center II, LLC. Brian Norton of KW Commercial represented the buyer.

OREGON CITY -- A joint venture between Bay Area-based Objective Real Estate Partners, LLC and OpenPath Investments has announced its Dec. 30 closing of The Preserve Apartments, a 135-unit Class B apartment property on Highway 213 in Oregon City.

At the close of escrow the property was 98 percent occupied with continued strong demand for apartments in this location. The purchase price was $16,025,000 or $118,704 per unit and $136 per rentable square foot. The propertys strong performance during escrow enabled the buyer to achieve a capitalization rate of over 6.5 percent on in-place income at the time of purchase.

The buyers have plans to implement a modest unit renovation program to further improve the property in the first year of ownership.

A loan for the acquisition was provided by Freddie Mac via the Seattle office of Walker amp; Dunlop. The seller was a fund sponsored by Fowler Property Acquisitions, a California based multifamily investment firm. The sale was brokered by ARA Portland, the local office of a nationwide commercial brokerage firm specializing in apartments.

PORTLAND -- Sustainable Northwest Wood has leased the Clinton Building for use as a new distribution center. The 17,800 square foot building is at 2701 SE 14th Ave. in Portland. Terry New of Cushman amp; Wakefield represented the tenant. Peter Stalick of Kidder Mathews represented the landlord.

PORTLAND -- HMI-Oregon Dealership, Inc. has leased 5,762 square feet of space at 12439 NE Marx St. in Portland from PacTrust. Andrew Bean of Norris amp; Stevens represented the tenant. Matt Krueger of PacTrust represented the landlord.

PORTLAND -- Sellwood Medical Clinic LLC has leased 2,237 square feet of space at 6234 N. Greeley Ave. in Portland from Tamp;T Technology Leasing, LLC. Christina Chamberlain and Chase Brand of Norris amp; Stevens represented the tenant. John Press of Prell Equity Advisors and Chris Johnson of CORE Realtors represented the landlord.

PORTLAND -- The Joinery Holding Company has leased 4,393 square feet of space at the Blanchard Building, 922 SW Yamhill St. in Portland, from the Rich Hill Corporation. Brad Macomber of Norris amp; Stevens represented the landlord. Mark New of New amp; Neville represented the tenant.

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