CalPERS Taking A Walk In Portland
August 20, 2009
CalPERS is demonstrating why we are still a ways off from seeing the bottom of this “thing”. After joint venturing with Commonwealth Partners LLC to acquire the 355,000 square feet of Class A office space in Portland’s Koin Center building in 2007, the duo have defaulted on the loan and CalPers has made the decision [...]
Read More >>Portland Project Stopped; Highlights Financing Difficulties
April 11, 2009
Construction of a 50%+ pre-leased project in downtown Portland, Oregon has ground to a halt as a result of a lack of financing. Despite half of the project being committed to by a Nike Store and a law firm, the well-heeled developer behind the project was still unable to secure financing for the Park Avenue [...]
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